Menu

Tax holiday letting

In all the current discussion about how to increase GST revenue, there seems to be an avoidance of one obvious area into which to expand the tax; short-term holiday letting.

From the start, this lucrative source of income has avoided the GST while benefiting from negative gearing. But hotels, hostels and bed-and-breakfasts pay GST. Why? Too hard? Surely not. Pressure from the development lobby? I wonder.

Taxing holiday-let houses properly might even result in some of the oversupply returning to badly needed residential housing.

Anny Reed, Byron Bay


2 responses to “Tax holiday letting”

  1. Nigel Smith says:

    Not only should there be a GST, but councils should charge a commercial rate. Compensation should also be paid to the neighbours (victims) of these holiday lets as well for the suffering that they have had to endure!

  2. N Williams says:

    A NSW Land and Environment Court judgement in May 2013, clearly showed that holiday letting in 2(a) residential zones is an illegal activity. Despite being illegal all holiday lets owners are required as a service provider to have an ABN and to pay GST. If they don’t comply then the holiday let owner should be reported to the ATO for investigation.

Leave a Reply

Your email address will not be published. Required fields are marked *

 

Become a supporter of The Echo

A note from the editorial team

Some of The Echo’s editorial team: journalists Paul Bibby and Aslan Shand, editor Hans Lovejoy, photographer Jeff Dawson and Mandy Nolan

The Echo has never underestimated the intelligence and passion of its readers. In a world of corporate banality and predictability, The Echo has worked hard for more than 30 years to help keep Byron and the north coast unique with quality local journalism and creative ideas. We think this area needs more voices, reasoned analysis and ideas than just those provided by News Corp, lifestyle mags, Facebook groups and corporate newsletters.

The Echo is one hundred per cent locally owned and one hundred per cent independent. As you have probably gathered from what is happening in the media industry, it is not cheap to produce a weekly newspaper and a daily online news service of any quality.

We have always relied entirely on advertising to fund our operations, but often loyal readers who value our local, independent journalism have asked how they could help ensure our survival.

Any support you can provide to The Echo will make an enormous difference. You can make a one-off contribution or a monthly one. With your help, we can continue to support a better informed local community and a healthier democracy for another 30 years.”

Echonetdaily is made possible by the support of all of our advertisers and is brought to you by this week's sponsor Vast Ballina and Falls Festival