SearchShort term rental
Scott asks:
(updated on Friday, March 30th 2012)
Our Experts Answer:
You are required to declare the gross rental income and may deduct the costs associated with earning it from the period it was actually rented. This will include interest on the mortgage, rates, insurance, property management fees and other property related costs. If the net result is a profit some tax may be payable. If the costs exceed the income a loss can be deducted that may result in a tax refund.
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| ICBC | 4.25 |
| SBS FirstHome Combo | 4.29 |
| Co-operative Bank - First Home Special | 4.35 |
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| Co-operative Bank - Owner Occ | 4.45 |
| ASB Bank | 4.49 |
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| Unity Special | 4.49 |
| Westpac Special | 4.49 |
| Kiwibank Special | 4.49 |
| Westpac Special | 4.45 |
| SBS Bank Special | 4.49 |
| BNZ - Std | 4.49 |
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| AIA - Go Home Loans | 4.49 |
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| Co-operative Bank - Owner Occ | 4.49 |
| ICBC | 4.59 |
| Wairarapa Building Society | 4.59 |
| Unity Special | 4.65 |
| SBS Bank Special | 4.99 |
| Westpac Special | 4.99 |
| ICBC | 4.99 |
| BNZ - Std | 4.99 |
| AIA - Go Home Loans | 5.15 |
| ASB Bank | 5.15 |
| Co-operative Bank - Owner Occ | 5.19 |
| ANZ | 5.39 |
| TSB Special | 5.39 |
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| ICBC | 5.39 |
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| ANZ | 5.69 |
