Short Term Rentals 2025 – The Income Tax Rules

Description

We are continuing to see an increase in the number of people who had never let a room or their “bach/crib” as short stay accommodation in the past but are now starting to do so, to help cover the costs of inflation and interest rates.

Anyone who deals with clients that let property (including a room in their own home) on a short stay accommodation basis, whether through Bachcare or otherwise, will benefit from this practical course focusing on examples of how the rules apply in varying situations.

We will work through how the rules apply in practice using common scenarios to demonstrate the impact of the apportionments and limitations including but not limited to:

  • Interest deductibility for 2025 and beyond.
  • Residential loss ring fencing and what it means for short stay rental property owners.
  • Mixed-use asset limitations/apportionments and quarantining of expenditure.
  • Fit out claims under the new s DB 65B.
  • Deductibility of holding costs if a sale is taxable.
  • The income tax impact of the GST marketplace rules.
  • Income tax treatment when a property is being renovated.

We will work through scenarios that we all see on a regular basis and work through the implications of the income tax rules. While working through the various scenarios, we will focus on the practical outcomes and considerations.

'Note: This webinar pairs perfectly with our Short-Term Rentals – The Income Tax Calculations 2025 webinar, airing on 25 June, which focuses on the calculations rather than the rules themselves.

LEARNING OUTCOMES

Upon satisfactory completion of this webinar, you will be able to: 

  • Articulate the income tax issues facing clients that let property as short stay accommodation, including: 
    • How income tax rules practically apply; 
    • How the Mixed-Use Assets rules apply; and 
    • The income tax implications of different ownership options. 
  • Explain the issues arising from income tax changes, including bright-line, interest deductibility and commercial depreciation and what it all means in real terms. 
  • Guide your clients through the various issues and competing objectives that they will face when letting property as short stay accommodation. 

SUITED TO

This course will be suitable for:  

  • All accounting and legal practitioners that have clients letting through Bachcareand the like
  • Real estate agents
  • Property letting managers

PRESENTER

Daniel Gibbons, Partner, Findex/Crowe on behalf of TEO

Daniel is a Partner for Findex in QueenstownDaniel has been with Findex for 17 years, where he advises on a wide range of tax matters, including property transactions and property ownership structures, international taxation issues, the tax treatment of investments and providing structuring advice to clients, including assistance for family group restructuresDaniel is recognised as a leader in the taxation treatment of short stay accommodation, providing training to other practitioners. 

1 CPD Hour

  • May 29
    • $175.00 excl. GST
    Thu, 10:30 AM NZST - Thu, 11:30 AM NZST Online
    • $175.00 excl. GST

Coming Soon

All Coming Soon >>

One-connection-one-fee

Our webinars operate on a 'one-connection-one-fee' basis so you can have your whole team participate for one cost effective price and claim CPD points.

Recordings

All registrants to a live webinar will automatically be sent a recording at the end of that week along with a full transcript of the webinar, regardless of whether you attended or not.

Sole practitioners

A discount on webinars is available for sole practitioners. Please contact us at NZ‑learning@wolterskluwer.com to confirm eligibility.