News and Views Podcast Show · Sarah Power: Director of Business Concepts Group, Financial Planner and Accountant

NV166: Holiday Home Rental

·17 min·1 clip

If your property is classified as a holiday home, you lose all deductions for interest, council rates, insurance, and land tax—even if you rent it occasionally.

The hosts discuss new ATO guidance on holiday home rentals, explaining how the tax office categorizes properties based on personal use versus income generation. They detail the green, amber, and red compliance zones and warn that properties classified as holiday homes lose all deductions for holding costs like interest and insurance.

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