Airbnb – An overview of GST considerations 2022 - 15 March 2022 (On Demand)

Description

An overview of GST matters that need to be considered if you are letting rooms on “Airbnb” and other short-term rental providers

This webinar will focus on some of the more 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. This webinar will look at:

  • If your client is required to register because of “Airbnb”
    • If over the threshold
    • Multiple Airbnb’s
    • If they are undertaking another venture but below the threshold
    • If jointly owned “Airbnb” but they had individual registration for another venture
  • If they choose to register for “Airbnb” and there is no other venture
    • Impact on private assets
    • Possible wider implications
    • If your client has a property that was used as short stay accommodation and is not any longer due to COVID
    • Do they have a taxable activity?
    • Do they need to make a change of use adjustment?
    • How do they decide what to do?
    • Any exemptions available?
  • If they move a property into or out of the Airbnb activity
    • Impact when moved in
    • Impact when moved out
  • Deemed market rental situations
    • Family/friends and the mixed use asset rules
    • Associated entities
  • Ownership implications on GST treatment
  • 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

ORIGINAL BROADCAST DATE

15 March 2022

LEARNING OUTCOMES

Upon satisfactory completion of this activity you will be able to:

  • Advise clients on the advantages and disadvantages of GST registration for short-stay accommodation activities
  • Advise clients on the GST considerations for them
  • Assist a client with working through and GST adjustments that may need to be made

SUITED TO

Any practitioner or adviser (law, accounting, real estate etc) that advises clients on GST matters, and any property investor or owner wanting to understand their GST considerations.

PRESENTER

Daniel Gibbons, 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.