Life Interests Testamentary Trusts

EARNING ADDITIONAL INCOME IN THE “SHARING ECONOMY”



If you are thinking of earning additional income during this holiday season through sharing economy activities there will be tax consequences to consider.


Income earned from ‘sharing economy’ activities such as ride sourcing (Uber), renting out property for short term accommodation (Airbnb) etc will affect your taxable income.


Income earned will likely be assessable in your name, some expenses may be deductible.


For more information see the ATO link below:

Please contact Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.


We provide accounting and wealth management services to clients in WoodendGisborne and Macedon Ranges areas within Victoria Australia.   
   

The content within these articles was correct at the time of writing. Please contact us for updated information and advice. 

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.

blog archive

Recent Posts

MORE INTERESTING

BLOGS

Looking for the next step to progress your career. Langley McKimmie Chartered Accountants is seeking an experienced Accountant to join our dynamic business services…