Short 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.
Heartland Bank - Online | 6.69 |
SBS FirstHome Combo | 6.74 |
Wairarapa Building Society | 6.95 |
Unity | 6.99 |
Co-operative Bank - First Home Special | 7.04 |
ICBC | 7.05 |
China Construction Bank | 7.09 |
BNZ - Classic | 7.24 |
ASB Bank | 7.24 |
ANZ Special | 7.24 |
TSB Special | 7.24 |
Unity First Home Buyer special | 6.45 |
Heartland Bank - Online | 6.45 |
China Construction Bank | 6.75 |
TSB Special | 6.75 |
ICBC | 6.75 |
ANZ Special | 6.79 |
ASB Bank | 6.79 |
AIA - Go Home Loans | 6.79 |
Kiwibank Special | 6.79 |
BNZ - Classic | 6.79 |
Unity | 6.79 |
Westpac Special | 6.39 |
China Construction Bank | 6.40 |
ICBC | 6.49 |
SBS Bank Special | 6.55 |
Kiwibank Special | 6.55 |
BNZ - Classic | 6.55 |
Co-operative Bank - Owner Occ | 6.55 |
ASB Bank | 6.55 |
AIA - Go Home Loans | 6.55 |
TSB Special | 6.59 |
Kainga Ora | 6.99 |
SBS FirstHome Combo | 6.19 |
AIA - Back My Build | 6.19 |
ANZ Blueprint to Build | 7.39 |
Credit Union Auckland | 7.70 |
ICBC | 7.85 |
Heartland Bank - Online | 7.99 |
Pepper Money Essential | 8.29 |
Co-operative Bank - Owner Occ | 8.40 |
Co-operative Bank - Standard | 8.40 |
First Credit Union Standard | 8.50 |
Kiwibank | 8.50 |