Almost lost out because I didn’t know what I could count as deductible expenses when reporting rental income

If you earn rental income from short-term rentals, this question comes up every tax season.

“I have no idea what I can claim as deductible expenses.”

“What if I miss something and pay more tax?”

Below is a clear rundown of items commonly accepted as deductible expenses and things to check before you file.

What counts as deductible expenses for short-term rental income?

① Costs to manage and maintain the listing

Repairs and move-out cleaning—any costs to keep the property in rentable condition—are generally accepted as deductible expenses.

② Loan interest for the rental business

Interest on loans taken to acquire or run the listing is a typical deductible expense.

③ Depreciation

Depreciation of the building and fixtures can be included.
Note: allowed depreciation can vary depending on your bookkeeping method (simple ledger vs. double-entry).

④ Platform fees

Platform fees paid to list and operate the property are also generally deductible.

Are there expenses that won’t be accepted as deductible?

Are some expenses hard to claim?

Yes. Personal expenses or costs without clear proof (receipts, contracts) are hard to claim.
The exact scope depends on your business registration and bookkeeping method, so check your situation on Hometax or with a tax advisor.

SamSam M2 vs plott LIFE — ease of calculating deductible expenses

Since fees are a deductible item, having a ₩0 fee (current) reduces the items you need to calculate, making filing simpler.

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FAQ — Short-term rental deductible expenses

Q. What can I claim as deductible when reporting short-term rental income?

A. Costs to manage and maintain the listing, loan interest for the rental business, depreciation, and platform fees are commonly accepted.
Exact scope may vary by business registration type.

Q. Can I claim deductible expenses even if I don’t register as a business?

A. Yes. You can deduct expenses regardless of business registration if you have rental income, but allowed items vary by bookkeeping method.

Q. Are platform fees deductible?

A. Yes. Platform fees are generally deductible.
plott LIFE currently has a ₩0 fee, which simplifies calculations.

Q. Where can I check the exact deduction rules?

A. It’s safest to confirm the rules for your situation on Hometax or with a tax advisor.

Know deductible expenses in advance and filing gets much easier

Sticking to recognized items makes calculations simpler, and a ₩0 fee (current) means fewer items to track.

plott LIFE — short-term rental host platform with ₩0 fees

₩0 fee (current) · simple contracts · platform support for damage claims · no listing fee