Tax Implications of Airbnb and other online platforms
Overview
Don’t let you or your clients get caught out by the tax consequences of short and long term rentals of property through online platforms
Airbnb is a great example of innovation in the sharing economy, allowing hosts to connect with potential renters through the Airbnb platform. Whether you simply want to rent out a room or a complete property, Airbnb could be for you and it isn’t alone; a whole group of online platforms now service this market, eg stayz.com.
However, the tax consequences of renting out a property through Airbnb are still not properly understood by hosts, with many not even realising there are tax implications until it is too late.
This session will explore the tax implications of Airbnb and other similar platforms. Amongst the matters covered will be:
- Capital Gains Tax issues, including the main residence exemption and the small business CGT concessions
- Assessable income – what is taxed?
- Claiming deductions – getting it right
- How a recent ATO ruling tightening the rules for deductions will impact Airbnb hosts
- Subleasing
- Is Airbnb income business or rental? What difference does it make?
- GST and rental income
- The ATO compliance approach to renting a room
- PAYG instalments
Learning Outcomes:
This session will provide a comprehensive guide to the tax implications of Airbnb and other similar online platforms, including some areas that might be ticking time-bombs for clients!
Suited to:
Suited to accountants and tax professionals with clients involved in short and long term property rental, as well as property investors hoping to get ahead in their understanding of how tax law applies to them.
You will also be provided with:
- Access to watch the Live Webinar
- Opportunities to ask real time questions to the presenter/s
- Poll questions to test your knowledge
- Access to On Demand recording, which can be viewed multiple times, for as long as required
- Presenters contact details for follow up questions
- CPD Quiz (for On Demand recordings)
- CPD Certificate
- CPD Report – Logged automatically
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
Your presenter
Mark ChapmanH&R Block
is the author of Life and Taxes: A Look At Life Through Tax and has edited and updated the second, through to the eighth, editions of Australian Practical Tax Examples, published between 2019 and 2025 by Wolters Kluwer CCH Australia.
He has over 30 years experience as a tax professional in both the UK and Australia, specialising in tax for small business and individuals. He is a fellow of the Institute of Chartered Accountants in England and Wales, a fellow of CPA Australia and a member of the Chartered Institute of Taxation. He holds a Masters of Taxation Law with the University of New South Wales.
Since 2015, Mark has been Director of Tax Communications with H&R Block Australia. He writes regularly on tax issues for numerous media outlets and presents on topical tax topics at seminars and other events. He broadcasts frequently on radio and television and writes a regular column for Money Magazine and Yahoo7 Finance. As a tax practitioner in the UK, he occupied a number of senior positions before moving to Australia in 2007 to join the Australian Taxation Office (ATO) as a senior director.