While many people invest in rental properties, a common oversight that’s made is not including a depreciation deduction for capital items. This could mean that you’re missing out on significant tax deductions.
Airbnb – What are the tax implications?
There's a lot of people looking to make some extra cash by renting out a spare room in their house through Airbnb or other accommodation sites. The sharing economy is transforming the market and making it easier for people to get involved, but have you considered the tax consequences that might arise by becoming an Airbnb host?