You are probably wondering what income you have to declare and more importantly what tax deductions can you claim.
For the first time, the ATO is providing guidance on the income generated through the Sharing Economy.
We thought we’d share this interesting information with you. If unsure, make sure you double check with your accountant or directly with the ATO.
I am renting out all or part of my house through the sharing economy
When you rent out all or part of your residential house or unit through a sharing economy website or app you: