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Accountant_123(Enthusiast)Enthusiast
26 Aug 2024

The airbnb running under the trust and the trust was registered GST. I understand that airbnb (residential) income is GST free, however, the trust still can claim the GST for the expenses since the trust was registered for GST?

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Taxduck(Taxicorn)Taxicorn
26 Aug 2024

With GST-free supplies you are able to claim the GST on expenses. However residential rent is not GST-free. It is an input-taxed supply. With an input-taxed supply you do not include GST in the rental charge and are not able to claim the GST on any expenses related to that income. See link

Residential premises | Australian Taxation Office (ato.gov.au)

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Can i claim GST | ATO Community