Hi,
Just wondering if I can claim all the same expenses as a tax deduction that I currently do with a normal rental property (e.g. mortgage interest, R+M, rates, insurance etc) if I operated the house with airbnb?
The house would obviously still be an investment for me, but seeing as it's not in the "normal rental pool" in NZ and therefore not helping with the shortage of rental property in NZ, I'm wondering if I can still claim the expenses.
I don't currently own said house but am thinking to get something in a tourist area (Queenstown, Castle Hill or Raglan). Also, from my research it looks like there might be some form of council regulation in Qtown (90days per year limit)? Can anyone tell me if this is accurate and current, or what the Qtown restrictions are (or are being talked about)? And also, if there are any restrictions (or discussion about them) for Castle Hill or Raglan?
Cheers
Just wondering if I can claim all the same expenses as a tax deduction that I currently do with a normal rental property (e.g. mortgage interest, R+M, rates, insurance etc) if I operated the house with airbnb?
The house would obviously still be an investment for me, but seeing as it's not in the "normal rental pool" in NZ and therefore not helping with the shortage of rental property in NZ, I'm wondering if I can still claim the expenses.
I don't currently own said house but am thinking to get something in a tourist area (Queenstown, Castle Hill or Raglan). Also, from my research it looks like there might be some form of council regulation in Qtown (90days per year limit)? Can anyone tell me if this is accurate and current, or what the Qtown restrictions are (or are being talked about)? And also, if there are any restrictions (or discussion about them) for Castle Hill or Raglan?
Cheers
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