Victoria introduced a new Short-Stay Levy, effective January 1, 2025, designed to apply a 7.5% charge to most short-term accommodation bookings. This levy will impact property owners, managers, and booking platforms. This summary outlines the key aspects of the levy, including who it affects, what costs it covers, and important exemptions.
Key points about the Victorian Short-Stay Levy:
- Effective Date: January 1, 2025.
- Levy Amount: 7.5% of the total booking cost (including cleaning fees and GST, but excluding credit card fees).
- Applies to: Short-term stays of less than 28 days in Victorian properties.
- Who Pays: Those accepting bookings for short stays.
- Exemptions:
- Principal place of residence (even if rented out temporarily).
- Temporary crisis accommodation.
- Collection:
- Collected by booking platforms (e.g., Airbnb, Stayz).
- If not using a platform, owners/managers must register and pay the levy themselves.
In short: a 7.5% levy will be applied to most short-term rentals in Victoria starting in 2025, collected either by the booking platform or directly by the property owner/manager.
Find out more here https://www.sro.vic.gov.au/short-stay-levy
Disclaimer: The information provided in this article is intended for general informational purposes only and should not be relied upon as legal, financial or any other type of professional advice. The content presented here is not tailored to individual circumstances, and therefore, readers should not act upon this information without seeking appropriate professional guidance specific to their unique situation. The author and publisher of this article disclaim any liability or responsibility for any loss or damage that may arise from reliance on information contained in this article.