If you have an airbnb in your home then there are two ways to handle your Airbnb taxes. One uses the Rent a Room Allowance. The other involves calculating your airbnb income and deducting allowable expenses. How to use the Rent-a-Room scheme The Rent a Room Scheme lets you earn up to a threshold of £7,500 per year tax-free from letting out furnished accommodation in your home You can earn £7500 a year from airbnb and pay no tax (assuming you receive no other similar rent which might blur the picture such as an adjacent granny flat). If you own buy-to-let property this is separate to these...
What taxes do you need to pay being an airbnb host?