My life as an Airbnb Host What I've learned from hosting and how I make money using Airbnb

Tagairbnb tax deductions

Airbnb hosts are not affected by the new buy-to-let tax rules

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Have you heard of the new rules regarding the tax deduction on mortgage interest for buy-to-let (otherwise known as an investment property to the rest of the planet) in the UK? The recent announcement by the UK government that tax relief is going to be limited to 20% has just been made clearer by some of the details. You can read this article in the Telegraph for further details:  The main point is Airbnb hosts could be exempt from the new rules and still be able to claim the full tax deduction. This will come as some relief for many an airbnb host including me. The general reason for this is...

Do I need to pay tax on my income from Airbnb?

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Hotel Tax In the UK there is currently no hotel occupancy tax and to my knowledge no intention to introduce one. VAT  VAT is payable on Airbnb’s service fee (collected by Airbnb at the time of booking so nothing for you to do here) but no VAT is currently chargeable on rent in the UK. If such a time comes the government decides that money earned from Airbnb is no longer rent but a service fee then VAT may become payable. Income Tax Income tax is payable on any earnings in the UK. The same applies in most developed countries. You are kidding yourself if you think that profits earned from...

My life as an Airbnb Host What I've learned from hosting and how I make money using Airbnb

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