Here's How the Australian Tax Office (ATO) Handles Tax on Income from the Sharing Economy & Camplify:
Exciting news here at Camplify! The Australian Tax Office has created a ruling, specifically mentioning Camplify, that acknowledges the purchase of a caravan, campervan, motorhome or camper trailer purely for the purpose of earning money through sharing with peers on our platform. This means that owners now have clear guidelines on how tax can work for them – whether you’re hiring your RV for a few nights per year, or buying one and hiring it out purely as an alternative investment vehicle.
For full information, including a downloadable tax information pack, please read this article HERE.