Be aware of the upcoming change in law, the government has announced that purchasers of newly constructed residential properties or new subdivisions will need to remit the GST directly to the ATO as part of settlement, rather than the seller remitting the GST when they complete their activity statement.
If you are thinking of earning additional income during this holiday season through sharing economy activities there will be tax consequences to consider. Income earned from ‘sharing economy’ activities such as ride sourcing (Uber), renting out property for short term accommodation (Airbnb) etc will affect your taxable income. Income earned will likely be assessable in your name, some expenses may be deductible. For more information see the ATO link below: