If you’re using platforms like Airbnb or Stayz for share accommodation, the platform fees they charge are 100% deductible. Unlike other expenses that may need to be apportioned based on the percentage of the property available for rent, platform fees are directly tied to income-generating activities and do not require apportioning.
How to Allocate Platform Fees in TaxTank
In TaxTank, platform fees have their own dedicated category: “Management Fee - Platform Fees.”
To allocate these fees correctly:
Select the “Management Fee - Platform Fees” category when recording the expense.
The full amount will be claimed at 100%, regardless of the percentage of the property that is rented out.
Since platform fees are solely related to the rental activity, they do not need to be adjusted for let time or availability and will remain at 100%.