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Homestay Tax Implications. Doing business across borders can pose. Homestay programs are mediated through agents 90 per cent of time, homestay australia says;
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If you are carrying on an enterprise renting out commercial residential premises, such as a commercial boarding house, you will have different income tax and gst obligations. Planning your homestay host family experience is all well and good but if you can’t attract guests, what’s the point? Received under a homestay arrangement.
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Kpmg’s film & tv tax guide is a fundamental resource for producers, attorneys, tax executives, and finance executives involved with the commercial side of film and television production. A homestay is a cultural exchange between an international student or visitor and a local individual or family in the host country. As far as tax implications go, because you are not transferring ownership of your properties, you do not need to worry about stamp duty land tax; The tax implications of becoming a homestay host family must also be carefully considered.
