With borders reopen and tourism on the increase, we are likely to see a return to property owners letting property as short stay accommodation. We are also now seeing scenarios whereby people who had never let a room or their “bach” as short stay accommodation in the past are starting to do so to help cover mortgage costs as inflation rises and bank lending rates continue to increase.
Anyone who deals with clients that let property (including a room in their own home) on a sort stay accommodation basis, whether through Bachcare 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 the income tax rules. We will cover scenarios that continue to arise as a result of COVID and the recovery of tourism and look at the application of the new bright-line and interest deductibility rules as they apply to short stay accommodation properties.
While working through the various scenarios we will also cover the implications of recently enacted income tax law changes as they apply.
18 May 2023
This webinar will be suitable for all accounting and legal practitioners that have clients letting through Bachcare and the like, as well as real estate agents and property letting managers.
Daniel Gibbons, Partner - Tax Advisory, Findex/Crowe (presenting on behalf of TEO).
1.25 CPD Hours