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Got an AirBnB property?

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  • rootsnall
    replied
    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.

    Leave a comment:


  • Paralytic
    replied
    Originally posted by ladymuck View Post
    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.
    From the article

    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.

    Leave a comment:


  • ladymuck
    replied
    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.

    Leave a comment:


  • Paralytic
    replied
    Originally posted by Fred Bloggs View Post
    Surely nobody is stupid enough to have undeclared income from AirBnB. Aren't they? Perhaps not?
    I would not be surprised if less than half of AirBNB owners have declared that income.

    Leave a comment:


  • eek
    replied
    Originally posted by Fred Bloggs View Post
    Surely nobody is stupid enough to have undeclared income from AirBnB. Aren't they? Perhaps not?
    I suspect we won't be surprised....

    Leave a comment:


  • Fred Bloggs
    replied
    Surely nobody is stupid enough to have undeclared income from AirBnB. Aren't they? Perhaps not?

    Leave a comment:


  • eek
    replied
    Originally posted by DaveB View Post
    Better make sure you declare it.

    HMRC receives Airbnb letting data | AccountingWEB
    It's a bit late if you started letting it in 2018/19 and didn't declare it then... Should just about be able to get away with it if you started letting it since April 2019.

    Leave a comment:


  • DaveB
    started a topic Got an AirBnB property?

    Got an AirBnB property?

    Better make sure you declare it.

    HMRC receives Airbnb letting data | AccountingWEB

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