James Kirby
๐ค SpeakerAppearances Over Time
Podcast Appearances
Isn't that right?
And so in a way, they've become a marvelous instrument for the tax office of late.
Interesting.
That draft ruling came out in November 25.
So as you say, it's highly likely to become low very soon.
So just to turn it around, for the person who plays an Airbnb, we're just simply doing the right thing as a company.
reporting everything that they get to the tax office.
It just so happens that in doing so, they sort of inform them about the entire sub-economy of Airbnb out there.
But for the person who wants to still try and do it, a holiday home as a de facto investment, which they want to rent for most of the year, and they want to use it as well, because the rent will in some way finance the holiday home.
Is that still feasible and what's the best way to do it?
I want to segue here legitimately to the legitimate issue of repairs.
If someone had a holiday home and it was getting...
repaired, I suppose you couldn't rent it at the time.
I just put that out there.
But more to the point on all investment properties, the issue of repairs.
Can you just clarify for people and explain to them that how you can claim maintenance repairs, but you can't claim improvements?
And I wonder, is there a gray area between the two?
But you might tell us.
Right side of the law.
Okay, folks, so there you are.