My SMSF owns a commercial property, which is leased to my company for the running of my business. The SMSF has developed a small area of this property, for my business to rent as an AirBNB property. While the SMSF is registered for GST and collects GST on the rent from my business, please explain the GST implications for adding a residential property into the mix.
I assume my company should not charge GST on the residential rent charged to AirBNB. Does the SMSF continue to charge GST on 100% of the rent received from my company, or is part of this transaction input taxed? Is there anything else I should be aware of?