This means you must include the rental income in your income tax return. The tax treatment of what you earn from these services is the same as any other residential rental property arrangement. Here’s what the ATO has to say about share economy properties are classed for tax purposes: I cannot stress enough that it’s important to get good advice as this can be a complex area and being on the wrong side of the tax law can have significant implications. Rather, in 95% of cases Airbnb income is treated as investment income and should be included in your income tax return. In the eyes of the Australian Tax Office (ATO), Airbnb is not business income. In my accountancy and bookkeeping business – and on the free Facebook community that I manage for Aussie Airbnb hosts – I field a lot of queries about whether Airbnb is business income. In this blog Stellar Accounts CPA Debbie Hoffman explains whether running an Airbnb classed as running a business.
0 kommentar(er)
