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What expenses can be deducted when renting out my short term holiday cottage?

Posted 31 March 2016

Chicken says:
31 March 2016 at 15:23

What expenses can be deducted from tax for renting out a cottage on my property as short term holiday rentals through Airbnb etc?

TaxTim TaxTim says:
31 March 2016 at 16:14

You will be able to deduct all the costs relating to earning that income such as the interest expense on the mortgage bond, the electricity, water, rates and levies etc.

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