Claiming deductions for holiday home/short-term rental
Posted: Wed Dec 01, 2021 7:22 am
Hello everyone,
We just purchased a holiday home that we plan on renovating to use for ourselves and also registering as a minpaku to let out on Air BnB.
Does anyone have experience or know if it is possible to claim the purchases costs and/or renovation and running costs as expenses for a side-business?
I'm in full-time employment so my work do a nenmatsu-choousa, but I also do an extra-tax return to account for my side-income from private lessons.
Thanks in advance.
We just purchased a holiday home that we plan on renovating to use for ourselves and also registering as a minpaku to let out on Air BnB.
Does anyone have experience or know if it is possible to claim the purchases costs and/or renovation and running costs as expenses for a side-business?
I'm in full-time employment so my work do a nenmatsu-choousa, but I also do an extra-tax return to account for my side-income from private lessons.
Thanks in advance.