Forum Home» House Buying, Renting & Selling

MSE News: New law set to close tax-free loophole on Airbnb lets

New Post Advanced Search

MSE News: New law set to close tax-free loophole on Airbnb lets

edited 30 November -1 at 1:00AM in House Buying, Renting & Selling
3 replies 1.7K views
MSE_Megan_FMSE_Megan_F Former MSE
418 posts
Newshound!
✭✭
edited 30 November -1 at 1:00AM in House Buying, Renting & Selling
A new law is set to stop Airbnb hosts earning up to £7,500 tax-free when letting out their home - they'll only get this perk if they're also staying in it...
Read the full story:
'New law set to close tax-free loophole on Airbnb lets'
OfficialStamp.gif
Click reply below to discuss. If you haven’t already, join the forum to reply.
Read the latest MSE News
Flag up a news story: [email protected]
Get the Free Martin's Money Tips E-mail

Replies

  • dimbo61dimbo61 Forumite
    10.9K posts
    Part of the Furniture 10,000 Posts Photogenic
    ✭✭✭✭✭
    Good and maybe Airbnb landlords will be required to have gas Safe certificate, EICR, smoke alarms, CO alarms. Etc
    Renting out a spare room for a few nights is one thing but renting out a whole property is taking business away from Hotels, B&B,s holiday letting properties.
  • buglawtonbuglawton Forumite
    9.2K posts
    Part of the Furniture 1,000 Posts Name Dropper
    ✭✭✭✭
    Ive never stayed in a guest house/B&B in the UK where the owners didnt have their own quarters in the same building. That way a couple get to own and live in many substantial properties. With guests all staying a few days Im pretty sure the owner/managers have always paid tax. Itll be interesting how any new legislation separates lodger arrangements from B&B guests. Like 2nd property extra stamp duty caught out many accidental landlords, its likely many rent a room folks may get unfairly dragged into the tax net.
  • sitesafesitesafe Forumite
    516 posts
    Part of the Furniture 100 Posts Combo Breaker
    ✭✭
    I think Airbnb hosts often rent out whole houses rather than just rooms. Some even rent out posh boats moored up on the river. Currently sitting at my friend's for a week in the country. The property next door has just been rented out under airbnb whilst the owners have moved to their other unofficial accommodation half a mile away.
Sign In or Register to comment.

Quick links

Essential Money | Who & Where are you? | Work & Benefits | Household and travel | Shopping & Freebies | About MSE | The MoneySavers Arms | Covid-19 & Coronavirus Support