The accommodation sector has welcomed the announcement that the Australian Tax Office (ATO) will examine data from short-term rental platforms such as Airbnb to identify discrepancies in property owners’ income declarations. Income records for approximately 190,000 Australians will be compared with information from the short-term rental platforms and their financial institutions, as well as State and Territory Bond Boards. It is expected this investigation will lead to greater parity between traditional hotels and the short-stay ‘sharing’ accommodation sector. Read full article here.
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