Originally posted by Courham
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My blog. From personal experience.
http://statehousinginnz.wordpress.com/
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Originally posted by Courham View Post...I am getting enough bookings to cover my costs via bookabach and don't want it rented out too much as I want to use it a lot myself.AAT Accounting Services - Property Specialist - [email protected]
Fixed price fees and quick knowledgeable service for property investors & traders!
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Originally posted by Anthonyacat View PostEnsure you're well versed in the Mixed Use Asset rules that came out a few years ago. If there's any borrowings on the property still, this can be a huge problem, especially if it's owned by a company.
CraigLast edited by Courham; 22-02-2017, 05:32 PM.
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Revonating part of a house so we can turn into an Air BnB
Hi Everyone - we are thinking of doing renovations to our house so we can convert half of it into an Air BNB - we have got the basic concepts plan done - My question is can I claim the cost of everything against the Air BnB business - accountants say yes or no however I love the indepth answers that people that give this forum so appreciate any feedback cheers Clueless
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"The cost of everything" is awfully vague.
You'd be able to claim the costs of running the AirBnB. This would include a portion of your home costs (interest, rates, insurance, internet, etc) and also 100% of AirBnB costs (toiletries, additional AirBnB insurance, cutting a new set of keys, etc).
You can't claim any capital items. Most of the costs of the actual renovations to enable the AirBnB to exist are likely capital.AAT Accounting Services - Property Specialist - [email protected]
Fixed price fees and quick knowledgeable service for property investors & traders!
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Cheers Anthony - apologies for being vague -I was referring to more to the cost of renovations to bring our house up to a decent standard of AirBnb. The cost of the concept plans cost just under 10k and I was wondering if we could claim some of it back or if it was possible to .
That's a great question Newbie
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Originally posted by clueless one View PostCheers Anthony - apologies for being vague -I was referring to more to the cost of renovations to bring our house up to a decent standard of AirBnb. The cost of the concept plans cost just under 10k and I was wondering if we could claim some of it back or if it was possible to .
Ongoing costs, yes. Repairs once it's already in operation, yes. Capital costs to get it into operation, no.My blog. From personal experience.
http://statehousinginnz.wordpress.com/
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Originally posted by newbie investor View PostWhich insurance company provides additional airbnb insurance?My blog. From personal experience.
http://statehousinginnz.wordpress.com/
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Originally posted by clueless one View Postcheers sidinz - I was hoping No means maybe however in this case No means No - I appreciate you taking the time to explain what I can/can't claimMy blog. From personal experience.
http://statehousinginnz.wordpress.com/
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in the inner city
ray white property management have been talking about setting up an airbnb management systems
if they are doing it and you went with them to manage it check their exit clause
most property management companies need 1 month notice, thought i heard RW require 1 year!
have you defeated them?
your demons
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That's going to be useful.
Got into Insurance and Tax/Rates a fair bit on the second half of this webinar a while back.
See more content like this at www.ifindproperty.co.nzThis is a round table discussion of strategies, pros, cons potential pitfalls when planning or running a...
Originally posted by Anomaly14 View PostBookabach has now teamed up with Initio to provide holiday home insurance.Free online Property Investment Course from iFindProperty, a residential investment property agency.
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