Renting through Airbnb and Stayz poses capital gains tax risk for sellers | Owners Corporation Network

Renting through Airbnb and Stayz poses capital gains tax risk for sellers

Airbnb and Stayz hosts could be slammed with bills in the tens of thousands of dollars in capital gains tax when they come to sell their homes after the Australian Tax Office confirmed they’ll lose their main residence exemption.

 
 

The Tax Office’s advances in data-matching technology, it also revealed to Fairfax Media, now mean it’s fully capable of “keeping up with the sharing economy”, obtaining more than 650 million pieces of data a year from a range of third-party sources, including bank records of individuals’ income.

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Sue Williams
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