How do taxes work for hosts?
If you are required to collect additional taxes (for example Goods and Services Tax in Australia) tick the ‘registered for GST’ option on the payment details page. If you are registered for GST, your payout amounts will show the net GST exclusive figures and how much GST you collected on top of your fees. It is your responsibility as a host to declare and pay the GST as required.
Youcamp cannot provide advice on GST or other tax issues. If you’re unsure of your tax responsibilities, we encourage you to consult a tax professional who can clarify your tax status.
How do taxes work for guests?
As Youcamp is an Australian platform, we are required to collect and pay Goods and Services Tax (GST) on all bookings. This amount is automatically collected when a booking is confirmed and paid for.
Do I have to pay Capital Gains Tax as a host collecting an income from Youcamp?
Our advice is that hosts would be regarded by the ATO as ‘small business entities’. The ATO has an exemption for any business structure (individual, partnership, company or trust) if the business turnover is less than 2 million each year. This isn’t formal tax advice – hosts need to speak with their accountants on whether CGT would apply and what exemptions exist.