1.25 CPD hours

  • On Demand Event
    Complete online in your own time (Self-paced)
    • $180.00 excl. GST

Description

Following the Airbnb: Key tax considerations webinar, this second session will focus on some of the most common scenarios that practitioners are facing from their clients with an emphasis on addressing questions raised by practitioners after the first webinar. The benefit of Airbnb, bookabach and other such sites is the versatility and ease of use, which also allows for many different uses of a property. This webinar will focus on some of the key tax issues that arise from these scenarios, including:

  • Quick recap of key income tax considerations 
  • GST Issues 
    • If I am already GST registered and want to “Airbnb” 
      • If I am a contractor and Airbnb? 
      • Property owned jointly but I am registered as a sole trader 
    • If required to register because of “Airbnb” 
      • If a contractor but below threshold 
      • If jointly owned “Airbnb” but individual registration for another venture 
    • If choose to register for “Airbnb” and no other venture 
      • Impact on private asset 
      • Possible wider implications 
  • Deemed market rental situations 
    • Family/friends 
    • Associated entities

LEARNING OUTCOMES

By attending this course you will get a better understanding of the issues that taxpayers will face when they rent their property/homes short term, especially via online platforms likes Airbnb, bookabach etc.

SUITED TO

CA/Lawyer/Advisor – Appropriate for all levels

ORIGINAL BROADCAST DATE

18 May 2017

PRESENTER

Daniel Gibbons, Senior Manager – Tax Advisory, Crowe Horwath