GST Short Accommodation
Air BNB and Other
Just a reminder that if you rent out your home or other property for short term accommodation you may need to register for GST.
This could arise from renting out your house or holiday home for Americas Cup travellers on a one-off basis or continually renting it for short term accommodation like on Air BNB.
Remember, it does not have to be Air BNB; it could be on other booking sites or your own website.
Be careful, too, if you own more than one property as the $60,000 GST threshold takes into account the combined turnover of all properties used for short term stays.
Even if the $60,000 turnover threshold for GST is not breached, you still could be liable for GST on the property if it is continually used for short term rental. There could also be GST implications for the property itself if you stop using it for such a purpose.