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Got an AirBnB property?
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Got an AirBnB property?
"Being nice costs nothing and sometimes gets you extra bacon" - Pondlife. -
Originally posted by DaveB View Postmerely at clientco for the entertainment -
Surely nobody is stupid enough to have undeclared income from AirBnB. Aren't they? Perhaps not?Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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Originally posted by Fred Bloggs View PostSurely nobody is stupid enough to have undeclared income from AirBnB. Aren't they? Perhaps not?merely at clientco for the entertainmentComment
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Originally posted by Fred Bloggs View PostSurely nobody is stupid enough to have undeclared income from AirBnB. Aren't they? Perhaps not?Comment
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Not read the article yet, so...
Can AirBnB rental be covered by the rent a room relief, or whatever it is?
Still needs to be declared, of course, which I suspect many people haven't even remotely considered. Especially those who may rent out on an ad hoc basis.Comment
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Originally posted by ladymuck View PostNot read the article yet, so...
Can AirBnB rental be covered by the rent a room relief, or whatever it is?
Still needs to be declared, of course, which I suspect many people haven't even remotely considered. Especially those who may rent out on an ad hoc basis.
What to declare
The Airbnb insight report for 2017/18 says the annual earnings from Airbnb by a typical UK host is £3,100, (£3,800 in Scotland). This lies within the room-a-room relief allowance of £7,500, so would not generate a tax reporting obligation for a host who only lets out part of their main home.
However, letting a second or third home that generates income in excess of £1,000 in a tax year will create a tax reporting obligation. The £1,000 limit is the trading and miscellaneous income annual allowance that can apply to letting income that doesn’t fall within rent-a-room relief.Comment
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What sort of ID do you need to provide to rent via Airbnb ? National Insurance No. ? It might not be that easy for HMRC to pin it down on a simple search.Comment
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Originally posted by rootsnall View PostWhat sort of ID do you need to provide to rent via Airbnb ? National Insurance No. ? It might not be that easy for HMRC to pin it down on a simple search.merely at clientco for the entertainmentComment
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Originally posted by eek View PostHMRC will have the appropriate bank account details amongst the datasets they have access to...Comment
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