FIGURES SHOW AUSTRALIAN AIRBNB HOSTS TO MAKE LESS THAN HALF OF WHAT THEY CHARGE

Apartment-owners fare only slightly better, than house owners in the Airbnb profit stakes, likely to make a little over half the price they tend to charge. Photo: Craig Abraham

Apartment-owners fare only slightly better, than house owners in the Airbnb profit stakes, likely to make a little over half the price they tend to charge. Photo: Craig Abraham

People who rent out their houses on Airbnb stand to make, on average, less than half of what they charge, new figures based on the company’s data and checked by the Australian Tax Office (ATO) show.

Apartment-owners fare only slightly better, likely to make a little over half the price they tend to charge, after paying income and Capital Gains Tax when they finally sell their property.

And if either group doesn’t declare their participation in the sharing economy in a bid to avoid tax then they’re “likely to receive a ‘please explain’ letter from the ATO,” warns Mark Chapman, director of tax communications at H&R Block.