Airbnb – Common Scenarios and Tax Issues 2020 - 25 June 2020 (On Demand)

Description

Airbnb scenarios had become more and more common, and the variations of the letting arrangements were considerable. Many property owners had caught the bug and were letting rooms in their homes, or whole properties, as short-term accommodation. Then along came COVID-19…

This session will focus on some of the most common scenarios that practitioners are facing with their clients in the world that we have found ourselves in. The session will focus on questions we have been asked on taxation issues arising from Airbnb situations.

Some of the key tax issues that arise from these scenarios, which will be talked through in this webinar, include:

  • Key income tax and GST considerations
    • Mixed-use;
    • bright line and land taxation rules;
    • Loss ring-fencing;
    • GST registration;
    • Change of use;
  • Specific scenarios:
    • Sale and purchase agreement considerations;
    • When property provided to associated persons;
    • A client has acquired a property around the time of the lockdown and seeks to claim GST;
    • Mixture of rental activities and changing between long term rental and “Airbnb” rental;
    • Private use and R&M;
    • Ownership structure;
    • Loss-ringfencing;
    • What all of this means when the short-term rental market ceases almost overnight.

ORIGINAL BROADCAST DATE

25 June 2020

LEARNING OUTCOMES

By attending this course you will get a better understanding of the issues that their clients will face when they rent their property/homes short term, especially via online platforms likes Airbnb, bookabach etc.; and what happens when the market changes overnight.

SUITED TO

CA/Lawyer/Advisor – Appropriate for all levels

PRESENTER

Daniel Gibbons, Associate Partner – Tax Advisory, Findex/Crowe presenting 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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One-connection-one-fee

Our webinars operate on a 'one-connection-one-fee' basis so you can have your whole team participate for one cost effective price and claim CPD points.

Recordings

All registrants to a live webinar will automatically be sent a recording at the end of that week along with a full transcript of the webinar, regardless of whether you attended or not.

Sole practitioners

A discount on webinars is available for sole practitioners. Please contact us at NZ‑learning@wolterskluwer.com to confirm eligibility.