If you’ve registered for GST you can claim the GST on expenses for goods and services. You can do this for goods and services used, or available for use, when you're renting out short-term.
How you use your property for short-term renting is the best way to see what GST you can claim:
How the property is used | How to work out what GST you can claim |
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The mixed-use asset rules apply. |
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The mixed-use asset rules do not apply. |
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Actual cost method for working out rental income and expenses
GST adjustments for business or private use
GST adjustments for mixed use assets
Claiming GST on the property purchase
You may also be able to get a GST input tax deduction for the purchase of your property (or claim some GST if you owned the property before you registered for GST and started short-term renting).
Special rules apply for second-hand goods purchased from associated persons and those where the mixed-use asset rules apply.
If you change the use of your property from taxable to exempt, or sell it, you must account for GST on disposal.
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