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MSE News: New law set to close tax-free loophole on Airbnb lets
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Former_MSE_Megan_F
Posts: 418 Forumite
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'
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'New law set to close tax-free loophole on Airbnb lets'
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Comments
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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.0 -
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.0
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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.0
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