Festive season presents tax gifts for short-term rental owners
Short-term rentals are likely to be earning their keep over the festive season, but it's also the perfect time for those investment property owners to keep an eye on the tax benefits on offer from a period of high wear and tear.
Though it’s the busiest time of the year, make sure that you keep a meticulous record of all repairs, maintenance and replacements bought for easily removeable assets during this season. (Image source: Shutterstock.com)
The 2023 festive season is upon us and this means an increase in the wear and tear of infrastructure and assets in holiday accommodation over this peak period.
Along with the increased traffic through the rooms and communal areas of Airbnb properties and short term rentals, will come ongoing repairs and maintenance that will incur extra costs.
This does not, however, have to mean a loss in cash flow, in fact it could mean the opposite.
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