Whose general understanding? Owning flats etc. is considered by the IRD to be an investment, not a business. Motels are considered to be a business. I imagine a B+B operator could quite legitimately claim to be a business if there is s steady turnover of occupants involving cleaning, provision of linen, provisioning of toilets etc. Just make sure your clients don't stay too long while they complete a university degree or similar and you should be okay.
Bookmarks