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5 Jan 2024

Hi


My Father & husband owns an airbnb property under joint name.


I work full time as a teacher and I offered to help my father & husband to manage their airbnb property and keep an eye on guest bookings , enquires , lease with cleaners etc.


Since they no longer have a contract with a airbnb management company to manage their property, they are paying me the 20% management fees to manage their airbnb property.


i work full time as a teacher and this is something I am doing on the side just for a hobby.


Do I need to let ATO know about the income? Or should I apply for an ABN number?

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1 replies
452 views
1 replies

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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
6 Jan 2024


i work full time as a teacher and this is something I am doing on the side just for a hobby.


That does not meet the definition of a hobby.


If they are claiming a deduction for the payment, then you need to have an ABN and declare the income.


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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
6 Jan 2024


i work full time as a teacher and this is something I am doing on the side just for a hobby.


That does not meet the definition of a hobby.


If they are claiming a deduction for the payment, then you need to have an ABN and declare the income.


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Hobby Income | ATO Community