Comments on: Understand Airbnb income tax requirements and deductions to get the best return https://www.bmtqs.com.au/bmt-insider/airbnb-income-tax-deductions/ Latest property and investor news Thu, 19 Dec 2024 20:42:17 +0000 hourly 1 https://wordpress.org/?v=4.2.38 By: The BMT Team https://www.bmtqs.com.au/bmt-insider/airbnb-income-tax-deductions/#comment-6129 Thu, 11 Aug 2022 22:34:48 +0000 https://www.bmtqs.com.au/bmt-insider/?p=37991#comment-6129 Hi Phil,

Thanks for your comment.

Yes, you can claim pro-rata depreciation deductions for the time the property is leased or genuinely available for rent.

You can read more about pro-rata depreciation here: partial year deductions

Contact BMT staff on 1300 728 726 to order a tax depreciation schedule or request a quote.

Thanks,
The BMT Team.

]]> By: Phil Galea https://www.bmtqs.com.au/bmt-insider/airbnb-income-tax-deductions/#comment-6126 Tue, 02 Aug 2022 07:32:44 +0000 https://www.bmtqs.com.au/bmt-insider/?p=37991#comment-6126 We have purchased a holiday home for our family. Our intention is to have this for personal use but to also put it up on AIRBNB for short term holiday stays when we are not using it. Guests will have full access to the property.

In this scenario, are we still able to claim a depreciation on the property on a pro-rata basis?

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