AIRBNB GST TRAPS

Prior to Christmas, the IRD issued a draft statement confirming some of the traps that exist when renting out property via platforms like Airbnb and Book a Bach. This month I thought I would set out examples that we have seen over the past few years as use of these peer-to-peer sites has exploded.

TRAP ONE – CLAIMING GST ON PURCHASE

Ron and Leslie bought a coastal property as an investment.