Airbnb 2020 – GST considerations - 18 February 2020 (On Demand)

Description

An overview of GST matters that need to be considered if your clients are letting rooms on “Airbnb”

Following the IRD’s recent Interpretation Statement on GST and short-stay accommodation, and comments released on various issues relating to the use of properties as short-term accommodation, this webinar will focus on some of the most common GST scenarios that practitioners are facing for their clients, with an emphasis on considering the application of the IRD’s position to the various scenarios, and potential implications of the ownership structure being promoted within the market place. This webinar will focus on:

  • If your client is required to register because of “Airbnb” or choose to register for “Airbnb” and there is no other activity
    • If they are a contractor but below the registration threshold
    • If jointly owned “Airbnb” but they had individual registration for another activity
    • Impact on private assets
    • Possible wider implications
  • If they move a property into or out of the Airbnb activity
    • Impact when moved in
    • Impact when moved out
  • If your client is already GST registered and want to “Airbnb”
    • If they are a contractor and want to Airbnb?
    • Property owned jointly but they are registered as a sole trader
  • Deemed market rental situations
    • Family/friends
    • Associated entities
  • Who is the property let by if the property is owned in a trust and what does that mean for GST purposes?
    • The Trustee
    • The Beneficiary
  • Various structures

ORIGINAL BROADCAST DATE

18 February 2020

LEARNING OUTCOMES

By attending this webinar you will get a better understanding of the GST issues that your clients can face when they rent their property/homes short term, especially via online platforms likes Airbnb.

SUITED TO

CA/Lawyer/Advisor – Appropriate for all levels

PRESENTER

Daniel Gibbons, Associate Partner – Findex/Crowe, on behalf of TEO

 

1.25 CPD Hours

  • On Demand Event
    Complete online in your own time (Self-paced)
    • $195.00 excl. GST

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