GST, ABN and tax for hosts
Short stays are input taxed, so most hosts do not charge GST and do not need an ABN. Our fees include GST. This is general information, not tax advice.
This is general information, not tax advice. Please talk to your accountant about your own situation.
GST on your bookings
Renting out residential premises, including short stays, is input taxed. That means hosts do not charge GST on the nightly price and generally do not need an ABN, even above $75,000 a year, unless the operation is commercial residential accommodation such as a hotel. We ask for an ABN only as an optional profile field for hosts who are registered for GST; you do not need one to list.
GST on our fees
All OzGetaways fees include GST. The GST component is recorded on every booking.
State levies
The Victorian and ACT short stay levies are government charges on the booking, sit outside our fees and appear as their own line inside the guest's total. See Victorian and ACT short stay levies.
Reporting to the ATO
Under the Sharing Economy Reporting Regime, booking platforms must report host payments to the Australian Taxation Office. Before your first payout we will need the details the ATO requires: your legal name, your ABN if you have one, your date of birth, your address and your bank account. We ask once and keep it private.
Your income
Money you earn from short stays is generally assessable income, and expenses such as cleaning, our fees and a share of your running costs are generally deductible. Your accountant can tell you what applies to you.