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

Tagwear and tear allowance

The UK emergency budget July 2015 and how it affects Airbnb Hosts

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There were some changes in the UK emergency budget this year that took many by surprise including me. The changes are not directly aimed at Airbnb hosts but will affect anyone who derives an income from property in some way. 1. The increase in the rent a room tax free allowance from £4250 to £7500 a year from April 2016 is excellent news for Airbnb hosts. Hosts earning £7500 or less will not need to declare any income to HMRC. 2. The end of the 10% wear and tear allowance for landlords (a non-cash deduction on gross rent) will end in April 2016. 3. A phased withdrawal of tax relief on...

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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