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AirBnB Income and tax
BigYinUK
Posts: 21 Forumite
in Cutting tax
Hi all. Just been reading AirBnB's info on UK income tax and they say you can earn up to £7500 before you would have to pay any tax on your income from AirBnB. Now I'm assuming this is the "Rent a room scheme" allowance? My question (our question) is this: If you co-host with someone else, in this case my partner whom I live with and its our home, do you get 2 x £7500 as this is afaia a "personal allowance".
Could someone confirm please?
Could someone confirm please?
0
Comments
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No, it's two x £3,750.
Assuming it actually qualifies for rent a room. Just because it is AirBnB doesn't guarantee it.
https://www.gov.uk/government/publications/rent-a-room-for-traders-hs223-self-assessment-helpsheet/hs223-rent-a-room-scheme-20210
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