TAX RETURN - Who is Liable?

MC2986

Hi, I was wondering, if I was to manage an Air Bnb listing for a property that isn't mine, would I need to submit the tax return or the owner?

The Air Bnb account would be under my name and the payouts would go to my account where I would then split the earnings 50% and give what is owed to the owner but if the account and payout details are all mine, does this mean I need to declare the entire earnings as my own, even if I am splitting it 50%? 

Pixie5740

MC2986 said:

Hi, I was wondering, if I was to manage an Air Bnb listing for a property that isn't mine, would I need to submit the tax return or the owner?

The Air Bnb account would be under my name and the payouts would go to my account where I would then split the earnings 50% and give what is owed to the owner but if the account and payout details are all mine, does this mean I need to declare the entire earnings as my own, even if I am splitting it 50%? 

You are responsible for reporting your income and paying your income tax and the property owner is responsible for theirs. 

Is there a written contract about your services costing half the rental income?

https://www.gov.uk/government/publications/furnished-holiday-lettings-hs253-self-assessment-helpsheet/hs253-furnished-holiday-lettings-2021

MC2986

There isn't a written contract no 

Savvy_Sue

MC2986 said:

There isn't a written contract no 

Then you need to get one. You'll both need to report your respective earnings, but without a contract you could end up in a right pickle: what if the owner discovers they cannot run such a business (mortgage / tenancy issues)? what if the owner wants to stop the arrangement, how much notice do you need? 

gettingtheresometime

The other thing to consider is that as far as HMRC is concerned, it's your AirBnb account & money is going into your bank account.

without a written agreement I'd like to see you try and argue that you should only be liable for tax on 50% of the amount.

canaldumidi

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