🏖️ Do You Rent Out Your Holiday Home? Here's What to Know! 🏠 If you rent out your holiday home, any rental income you receive is taxable, and you can claim expenses incurred to earn that income. However, apportionment rules apply in these situations: ✔️ The property is only rented part of the year. ✔️ You or your family use the property for part of the year. ✔️ Only part of the property is rented out. ✔️ Rent is below market rate for family or friends. 💡 Important: Expenses solely related to private use or times the property isn't available for rent (e.g., cleaning after your personal stay) cannot be claimed. 🔍 Seek professional advice to ensure your claims are accurate and comply with ATO guidelines. #HolidayHome #RentalIncome #TaxTips #ATO #presidiopartners
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Broker Associate, District Director Silicon Valley, Realtor, Mentor, Educator, Coach at Fathom Realty
Put your house to work for you. Here’s what you need to know to rent out your home on a short-term basis.
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houseopedia.com
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Put your house to work for you. Here’s what you need to know to rent out your home on a short-term basis.
How to Use Your Home to Make Money
houseopedia.com
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Put your house to work for you. Here’s what you need to know to rent out your home on a short-term basis.
How to Use Your Home to Make Money
houseopedia.com
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🏠Texas REALTOR® 💵Helping you Buy, Sell, or Invest in Central Texas ↪️Sales comps/consults 👇Contact👇 Jake@westonpg.com
Put your house to work for you. Here’s what you need to know to rent out your home on a short-term basis.
How to Use Your Home to Make Money
houseopedia.com
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Put your house to work for you. Here’s what you need to know to rent out your home on a short-term basis.
How to Use Your Home to Make Money
houseopedia.com
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Put your house to work for you. Here’s what you need to know to rent out your home on a short-term basis.
How to Use Your Home to Make Money
houseopedia.com
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Put your house to work for you. Here’s what you need to know to rent out your home on a short-term basis.
How to Use Your Home to Make Money
houseopedia.com
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Put your house to work for you. Here’s what you need to know to rent out your home on a short-term basis.
How to Use Your Home to Make Money
houseopedia.com
