Hey there,
I'm considering generating some extra income by listing a new tiny home as an investment property on Airbnb. I intend to report this income as assessable income. Can I claim the cost of the tiny home and all capital improvements made to the asset as depreciation? If so, do I need to obtain a depreciation schedule from a tax accountant?
Is the tiny home a mobile home or a building constructed on land?
If it is a mobile home it would be depreciated similar to a relocatable home with chassis (20 years) See link on rates.
https://www.depreciationrates.net.au/caravan
The depreciable cost would be the installed cost ready for use.
Is the tiny home a mobile home or a building constructed on land?
If it is a mobile home it would be depreciated similar to a relocatable home with chassis (20 years) See link on rates.
https://www.depreciationrates.net.au/caravan
The depreciable cost would be the installed cost ready for use.
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