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DEALING WITH TAX AND RENTING VIA AIRBNB
Posted by Team AVS on 5 May, 2018 0 CommentsAirbnb is one of many examples of the “sharing economy” — connecting buyers (users) and sellers (providers) through a facilitator that usually operates an app or a website. Airbnb acts as this facilitator by allowing individuals, referred to as “hosts”, to rent out a room of their house or their whole house for a short-time basis via its online platforms.
While the focus here is on Airbnb, the tax concepts outlined could be applied i
With recently introduced superannuation rules now in effect (from 1 July 2017), superannuation members with income streams that are valued in excess of $1.6 million will need to commute the excess by 30 June at the latest in order n