i own my own house...and am thinking of air b n b ing one room out ...do you have to pay tax..if so ..how much roughly?
Less hassle to rent a room
Up to 14000 is tax free
Granted the money might not air b n b money but less work
Also location will be factor plus transport etc around your house
You'll pay roughly 50% tax as a rule of thumb. So for every €1 you'd make with RAR you'll have to make €2 with AirBnB. Plus you'll have to clean the bedroom every new visit with clean sheets etc. Really not worth the hassle.
AirBnB income is not exempt under RAR rules AFAIK. I thought this was clarifiesd recently? RAR could not be short term lets.
I hope you don’t plan on relying on that advice.
Air bnb does NOT come within the RAR scheme.
Apologies, I removed my reply after some further digging. You were just too quick for me...
Sorry, Boards is playing up for me I thought your post was gone due to Gremlins.
My sister has a spare room. She takes in lodgers under RAR scheme.
She is a savvy so and so, and only rents the room on a month's trial. So if it doesn't work out, the lodger is out.
I have to admire her cojones on this. But as she has pointed out, lodgers do not have tenant rights and they must conform to HER rules (with a bit of give and take), otherwise they are given a weeks notice. Works so far for her.
Do the first night under airbnb, or just tell them to pay cash on arrival.
She doesn’t need to give them a months trial, she can kick the out instantly if she feels like it as they are licensees.
That’s tax evasion and illegal.
Not allowed to give such advice on boards.
Maybe so but that’s how it works. For example any b&b I have stayed in recently asked on check out that if I was looking to stay there again to ring them directly for a cash price rather then using hotels.com or booking.com etc and I will be doing so too.
That's more to do with cutting out the booking sites comission.