The interest limitation rules and short-stay accommodation

This fact sheet accompanies interpretation statement IS 23/04. IS 23/04 considers how the interest limitation rules apply to interest incurred for property used to provide short-stay accommodation. It also explains what other income tax rules may be relevant to any interest that’s deductible. This fact sheet gives an overview of the rules relevant to your interest deductibility and refers you to the part of IS 23/04 that provides more detail about the rules relevant to your circumstances.