ATO crackdown on Accommodation sharing economy

August 17, 2018


Are you renting your spare room(s) using online platforms such as aribnb or stayz?


The ATO has just announced that it will be undertaking a new data matching program targeting taxpayers engaging with those online platforms to ensure those taxpayers are meeting their obligations when it comes to declaring income earned from those activities and to ensure expenses claimed against that income are eligible and substantiated.


According to the ATO over 2 million individual taxpayers declared rental income and/or expenses in their 2016 income tax returns.


The ATO says "There is an increase in people renting homes, apartments, units or rooms via platform sharing sites to generate income. The increased use of these sites means there is an increased risk of people not understanding their tax obligations when it comes to renting out part or all of their property."


Data covering the 2016/17 to 2019/20 income tax years will be gathered by the ATO from those online platforms, with the following key information being sought:


* Listing owner details such as name, address, date of birth

* Rental property address

* Listing dates, enquiry rates, conversion rates, price per night, minimum nights

* Payment options and banking details

* Payments received through those platforms


You can find the full ATO publication here:


If you have any questions and/or require assistance with completing your tax return(s), we are here to help - contact us today for an obligation free initial conversation.


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Important: The information provided on this website, and any subdirectories, information posts published on and are not advice.


Clients should not act solely on the basis of the material contained on this website and the above social media pages. Items herein are general comments only and do not constitute or convey advice per se.


Also changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before acting in any of the areas.


This website and social media posts are published as a helpful guide to taxpayers and for their private information.





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