Tax depreciation schedule for Airbnb and short-stay property

Short-stay owners often ask this after furnishing a property, changing from long-term rental to Airbnb, renovating between guests or preparing records for an accountant.

The review should consider the building, eligible capital works, furniture, appliances, common property, ownership timing and how the property has been used to produce income.

A short-stay property can look like a standard residential rental from the outside, but the reporting questions are often different because fitout and replacement cycles can be more active.

The review should consider furniture, appliances, lock systems, storage, common-property context, strata restrictions, guest-ready fitout and whether items were bought new for income-producing use.

It should also consider whether the property was ever used privately, when it became available for short-stay income, and whether renovations were completed to prepare it for guests.

Those details help the accountant see the difference between the building, the fitout and the operating assets rather than receiving a generic rental-property schedule.

Airbnb and short-stay owners often replace items more frequently than long-term landlords, especially furniture, appliances, blinds, carpets and small fitout items.

If those changes are not recorded, the schedule can fall behind the actual property and the accountant may not have enough information to assess the current position.

Keep purchase receipts, installation dates, furnishing lists, photos and notes showing when the property was available for income-producing use.

BWK Group can review the property type, purchase timing, furnishing history and available records so the report scope is clear before work begins.

The final report can separate building works, eligible assets and assumptions in a format your accountant can assess.

For investors still comparing options, a sample report can show how building and asset information is presented before you request a quote.