If you rent out a residential property on a regular or continuous basis you are carrying on an enterprise for ABN purposes and are entitled to an ABN.
An activity is:
- 'continuous' if there is no significant cessation or interruption to the activity
- 'regular' if it is repeated at reasonably close intervals. The intervals do not need to be fixed.
Do you need an ABN when renting out residential property?
If you let out residential premises where the whole of the premises is to be used predominantly for residential accommodation purposes, you do not need an ABN for pay as you go withholding purposes.
An activity is:
- 'continuous' if there is no significant cessation or interruption to it
- 'regular' if it repeated at reasonably close intervals. The intervals do not need to be fixed.
A 'reasonable expectation' is more than a possibility, risk or chance of the event occurring. A reasonable expectation of profit or gain is determined by whether, looking at all the circumstances, a reasonable person would conclude that there is a reasonable expectation of profit or gain. For the purposes of determining whether, objectively, there is a reasonable expectation of profit or gain, one factor to consider is that particular kinds of enterprises may take longer to become profitable and may make an overall loss initially.
'Profit or gain' refers to concepts commonly used in the commercial world and can encompass a 'profit or gain' of an income or capital nature.
You Can't Apply For An ABN With This Form
Please Contact the ABR on 13 92 26
Do you need to add any of these registrations? (Free of charge)
Required If you are a taxi or rideshare operator, or have expected total sales of over $75,000 per financial year, otherwise you can volunteer to register.
Required If you employ staff.
Are you employing any working holiday makers?
Working holiday makers are individuals under a 471, 462 or associated bridging visa which was issued by the Department of Home Affairs.
Your Declaration And Important Information
Total: $77.00 (inc. GST)
This is tax deductible