Tax Depreciation for Short-Term Rentals & Airbnb

1. Can Airbnb & Short-Term Rental Owners Claim Tax Depreciation?

Short Answer:

Yes! Short-term rental properties qualify for tax depreciation, including both Division 40 (Plant & Equipment) and Division 43 (Capital Works), provided they meet ATO rules.

What Airbnb Owners Can Claim:

✅ Plant & Equipment (Division 40): Furniture, kitchen appliances, lighting, blinds, air conditioning.
✅ Capital Works (Division 43): Structural elements like walls, flooring, and fixed assets.
✅ Fit-Outs & Upgrades: Any renovations or improvements to the property.

📌 Get an Airbnb Tax Depreciation Report: Request a Quote

2. Do I Qualify for Tax Depreciation If I Only Rent My Property Part-Time?

Short Answer:

Yes, as long as the property is available for income-producing purposes, you can claim depreciation for the proportion of the year it’s rented.

How It Works:

✔ Full depreciation for 100% rental use.
✔ Partial depreciation if rented part-time (adjusted for personal use).
✔ ATO rules require records of rental periods for tax claims.

📌 Need Help Calculating Your Eligible Depreciation? Speak to an Expert

3. How Does Depreciation Work for Furnished Short-Term Rentals?

Short Answer:

Furnished properties often have higher depreciation claims because they contain more depreciable assets under Division 40.

What Makes Furnished Rentals Different?

✅ Higher deductions on furniture & appliances (Division 40).
✅ Commercial-style depreciation rates may apply for some properties.
✅ More frequent upgrades = ongoing depreciation opportunities.

📌 Maximise Your Deductions with a Custom Report: Request a Consultation

4. Can I Claim Depreciation on a Serviced Apartment?

Short Answer:

Yes, but eligibility depends on ownership structure and rental agreement terms.

Key Depreciation Rules for Serviced Apartments:

✔ If owned individually & rented out privately, full depreciation applies.
✔ If part of a managed rental pool, depreciation is shared or limited.
✔ Common areas may also have deductions for eligible investors.

📌 Find Out How Much You Can Claim: Get a Free Estimate

5. What If My Short-Term Rental Is in a Strata Complex?

Short Answer:

Strata properties can still claim depreciation, but shared areas may have specific allocation rules.

What You Can Claim in a Strata Property:

✅ Private unit depreciation (Division 40 & 43).
✅ Common area depreciation (allocated based on ownership share).
✅ Any personal renovations or upgrades you’ve completed.

📌 Get a Strata Tax Depreciation Report: Request a Quote

6. Do I Need a Site Inspection for My Short-Term Rental Depreciation Report?

Short Answer:

For new properties, a desktop report is usually enough, but older or extensively renovated properties may require a site inspection.

When a Site Inspection is Recommended:

✅ Older properties with past renovations.
✅ Serviced apartments or managed holiday complexes.
✅ Custom-built holiday homes with unique features.

📌 Find Out If You Need a Site Inspection: Speak to Our Team

7. How Long Does It Take to Get a Tax Depreciation Report for an Airbnb or Short-Term Rental?

Short Answer:

Most reports are delivered within 5-7 business days after receiving the required property details.

Process Timeline:

1️⃣ Order Online – Takes less than 5 minutes.
2️⃣ Provide Property Details – We collect information on furniture, appliances, and renovations.
3️⃣ Report Preparation – Completed by our Chartered Quantity Surveyors (AIQS & RICS).
4️⃣ Report Delivery – Sent via email within 5-7 business days.

📌 Order Your Tax Depreciation Report Now: Start Here