AIRBNB PERTH – COOL PLACES TO SAY

Going from place to place has taken on a whole new meaning these days,as travel has gotten more competitive and more people have takenadvantage of the newly-affordable rates. It could be said to startwhen people discover fascinating places online, as the internet has
made the world much more accessible and easy to find out more about. made the world much more accessible and easy to find out more about.When they’ve chosen their destination, they can then book a flightand pay for it – also easier than ever thanks to online payments –and then they’re off.The aforementioned more affordable travel rates then play an integralrole, being within reach of more people than ever before, who maydesire to go to various Asian destinations, or to somewhere in theMediterranean, or even perhaps Australia.

AIRBNB TAX BENEFITS



Renting a room out of your existing property does create some incomeand tax perks.You can claim expenses and depreciation for the percentage of the areaof your house that was rented, for the duration someone was paying.Airbnb tax advantages can include properly-calculated portions of…* Internet and phone costs* Water, power and council rates* Upkeep and repairs* Depreciation on the cost of furnishings and equipment* Interest on your mortgageThose can add up to a decent set of tax deductions for Airbnb hosts.You’ll need to keep a record of when the room was actually rented inorder to correctly claim expenses, but for a regular Airbnb host, itoften pays off.

SIMPLE RECORD-KEEPING SAVES BIG $$$ AT TAX TIME



Keep records for everything to do regarding the room or property…the same as you would for a regular tenant.This paperwork, come tax time, will ensure you can claim everythingrelated to Airbnb tax and expenses. You just need to save receipts andnotes about what they’re for. It’s easy. Don’t get carried awayover-organising it. The important part is that you JUST STAY IN THE


“IF I OWN MY PROPERTY, CAN AIRBNB TRIGGER CGT?





“IF I OWN MY PROPERTY, CAN AIRBNB TRIGGER CGT?



Capital Gains Tax (CGT) is payable when you sell a rental home. Thiscan be a hefty tax bill.CGT is usually not payable on your family home. HOWEVER, if you rentout your family home (or a part of it), even just a room on Airbnb,suddenly your family home is viewed differently by the ATO; when yousell it, you may face an ATO tax bill for CGT.The income you make from Airbnb will usually outweigh the later effectof CGT, but not always. It’s something you need to considercarefully.

“RE-RENTING” A RENTED PROPERTY ON AIRBNB



According to Victoria’s Department of Consumer Affairs, if you rentyour property from someone else, you need written consent from yourlandlord if you want to list it (or part of it) on Airbnb.When you rent out a room through Airbnb, you’re technically offeringa short term sub-let agreement, which in some states requires atenancy agreement. A confusing aspect of Airbnb is that regulationsare still being made and can differ from state to state. Consider therisks involved before listing your property, or talk to your landlordor real estate agency first. You’ll also need to check your rentalagreement or lease plus Body Corporate laws if you live in anapartment complex. THIS IS SERIOUS STUFF – don’t just ignore it ortry to be sneaky by re-renting property on Airbnb; you could get intoa lot of trouble!

EXTRA INCOME MEANS EXTRA TAXES TO PAY AT YEAR-END



WARNING: When you add a new source of income like Airbnb, don’t justtreat that income as spending money.Why not spend all your Airbnb income? Because earning that extraincome means you’ll be charged more tax by the ATO at the end of theyear. It is important to save some of what you earn through Airbnb soyou can pay the ATO at tax time.Don’t just save a few dollars!In the first year when you top-up your income with untaxed earningsfrom Airbnb and other types of ‘side businesses’, you might needto save as much as 30 or 40 per cent of your new earnings for tax! Theamount depends on the total income you earn and the amount of taxdeducted from your other income sources. Your tax agent can help youpredict the right amount you should save for the “tax man.”[Airbnb tax deductions and Airbnb tax expenses are important for hoststo consider]Renting out that spare room or property on Airbnb can
bring in some useful extra cash – plus you can meet nice, interesting people. But be careful about your Airbnb tax obligationsand tax benefits – there is a lot to gain, or a lot to lose.

UNCLEAR LEGISLATION COMPLICATING THE SHARING ECONOMY



“At a state level, we need some kind of statement clarifying thatis a permissible use.” – Mike Orgill, Airbnb’s Asia-Pacificdirector of public policyAccording to Legal Vision, a leading commercial law firm, the legaltreatment of Airbnb varies from state to state depending on where theproperty is situated. To complicate matters further, there is also alack of understanding between different local government areas withinstates.Two recent incidents in Melbourne and Sydney highlight this division:

WHY CHOOSE AIRBNB RENTALS IN PERTH



Want to find the coolest Airbnb Places in Perth. Whenever you travel,however, there’s always more to keep in mind than just booking aplane. Of course, where you plan to stay is a crucial matter that youneed to settle before you take a leap (or a flight, as the case maybe). While many would recommend a hotel as the traditionalworks-for-everyone option, this might limit your opportunities to goout – whether because the hotel is mainly located near the familiarspots, keeping you from enjoying the ones off the beaten path, orbecause you’ve blown your budget on the usually-pricier hotel rates.Services like AirBnB.com allow you to choose from a variety oflocations to suit your needs, from the size of your party to thelocation you desire to even the aesthetic that you’d prefer. It alldepends on what the homeowners in the region list to make available torent.If you’re staying in Perth and want to find good places you can rentfor the duration of your stay, here are some coolest AIRBNB airbnb.com





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