What expenses can be deducted when renting out my short term holiday cottage?

By Nicci Courtney-Clarke · Updated

Chicken

Chicken said:
31 March 2016 at 15:23

What expenses can be deducted from tax for renting out a cottage on my property as short term holiday rentals through Airbnb etc?
TaxTim Nicci

TaxTim Nicci said:
31 March 2016 at 16:14

You will be able to deduct all the costs relating to earning that income such as the interest expense on the mortgage bond, the electricity, water, rates and levies etc.