Airbnb and the like –
There is estimated to be 115,000 properties listed across Australia in 800 towns and cities, generating $441 million in rental income in 2015/16 by 2.1 million people, averaging $119 a night, according to report by Deloitte Access Economics which was commission by Airbnb.
So how do Airbnb host report income and expense to the ATO?
— renting out part of your home – What are the tax issues to consider?
— ATO at some stage may come knocking so ensure all