The Tax Man
Holiday rental results are added to your income. All costs and investments associated with holiday renting are tax deductible pro-rata for the number of days your home was available for rent during the year. Costs deductions include management fees, marketing costs, cleaning costs, laundry costs, utility bills, internet bills, council rates, mortgage interest payments, repairs and home improvements. For example if your home was available for rent 200 days, you can deduct 200/365 (55%). Please consult a tax advisor for full details.