Airbnb Common Scenarios – Taxation Issues 2022

Description

Although in many parts of the Country Airbnb was put a bit on the back burner for a large number of rental property owners, that in itself has created issues for many. We are also now seeing, however, scenarios whereby people who had never let through Airbnb in the past are starting to do so to help cover mortgage costs as inflation rises and bank lending rates are rapidly increasing.

Anyone who deals with clients that let property (including a room in their own home) on a sort stay accommodation basis, whether through Airbnb or otherwise will benefit from this practical focused course.

This course will look at scenarios that we all see on a regular basis and work through the implications of both the income tax and the GST rules. We will cover scenarios that continue to arise as a result of COVID, and look at the application of the new bright-line and interest deductibility rules as they apply to Airbnb properties.

While working through the various scenarios we will cover both recently enacted law changes for both income tax and GST as they apply. We will also cover the proposed changes the IRD has suggested in terms of bright-line and interest deductibility, as well as the GST consultation document as it may apply in these cases.

LEARNING OUTCOMES

Upon satisfactory completion of this webinar, you will:

  • Have a better understanding of the issues facing clients that let property through Airbnb and the like, taking into account the various income tax and GST implications.
  • Gain an understanding of the issues arising from the recent income tax and GST changes relating to relevant matters including bright-line and interest deductibility. As well potential changes on the horizon for GST.
  • Be able to guide your clients through the various issues and competing objectives that they will have and face when letting property a short stay accommodation.

SUITED TO

This course will be suitable for all accounting and legal practitioners that have clients letting through Airbnb and the like, as well as real estate agents and property letting managers.

PRESENTER

Daniel Gibbons, Partner - Tax Advisory, Findex/Crowe (presenting on behalf of TEO).

1.25 CPD Hours

  • Jun 14
    Tue, 10:30 AM NZST - 11:45 AM NZST Online
    • $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.