What deductions can you claim for an Airbnb host?
It is getting more and more popular for real estate property investors to get involved for Airbnb market. This is
Now, the biggest question for investors is: what kind of deductions (to what extent) can you actually claim to achieve the best possible tax efficiency?
Generally, the types of expenses that you can claim should be the same as when you have a traditional investment property, including:
– all commission or fees charged by online platform or offline agent/administrator;
– Rates & Taxes;
– Interests paid on property loans;
– Utility consumption;
– Insurance, registration and subscriptions; and
– Ongoing cleaning and maintenance, etc.
In addition, it is
The eligibility can be very complicated and critical. The investors will be “smart” to make appropriate arrangements in advance and keep relevant evidence to support their claims. Therefore, we do encourage investors to seek professional advice to avoid any potential tax and audit risks.
Having said that, if you have any queries in relation to the eligibility for claiming the deductions?
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