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What is fully deductible ? ... and what is limited to 50% ?
- The rules when paying your employees over the holiday period.
- Calculating annual holiday pay and pay for statutory (public) holidays.
- Casual and on-call workers.
- Closed over the holidays ?
If you own a holiday home and rent this out commercially, there are new rules around how tax deductions are calculated. In order to accurately work out what these will be, there are some crucial points that we will require from you. You will still need to keep your normal records for income and expenses, but as well as that you will need to start recording additional information. For more information please see the fact sheet.
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