Host Familys

utmbuilder

Not sure if this is the right forum if its not move it.

I am interested if anyone is a host family for spainish students?

If so how much a week is normally paid, and how many weeks of the year do you host?

How many kids do you take?

ando88

I know someone who hosts students, 140.00 per week, provide breakfast. Not sure about tax etc.. you will need to contact revenue directly.

Pawwed Rig

I would argue that it falls into the rent a room scheme so would need to be disclosed to Revenue but would not be taxed unless you breached the threshold.

Mrs OBumble

Pawwed Rig wrote: »

I would argue that it falls into the rent a room scheme so would need to be disclosed to Revenue but would not be taxed unless you breached the threshold.

If they're there 3+ months yes. But for the ones over summer only, it's taxable IMHO.

Pawwed Rig

Why does 3 months make a difference?

CIARAN_BOYLE

Pawwed Rig wrote: »

Why does 3 months make a difference?

from the revenue guide on rent a rooom relief. 3 mi ths is an interpetation of short periods.


Income from the provision of accommodation to occasional visitors for short periods,
including, for example, where the accommodation is provided through online
accommodation booking sites, does not qualify for relief as the visitors use the
accommodation as guest accommodation rather than for residential purposes. Income
from guest accommodation such as a bed and breakfast or a guesthouse operation is
generally treated as trading income (Case 1) and not rental income (Case V). This
type of income, even where it is under the relevant limit, does not qualify for rent-a-
room relief.

Pawwed Rig

It doesn't say 3 mths in that text??

CIARAN_BOYLE

Pawwed Rig wrote: »

It doesn't say 3 mths in that text??

3 months is the common interpretation of short periods.

Pawwed Rig

CIARAN_BOYLE wrote: »

3 months is the common interpretation of short periods.

Ah ok. I think I would argue that with Revenue if the issue arose during an audit.

tina1040

Irish families have been hosting foreign students in the summer for a long time. Has anyone ever declared the income? Has Revenue ever gone looking for tax?

If there was ever a crackdown of this, it would be the end of foreign kids coming to learn English here. Those kids spend here too. Mostly McD's, Penneys and Carrolls I know, but spending all the same.

CIARAN_BOYLE

tina1040 wrote: »

Irish families have been hosting foreign students in the summer for a long time. Has anyone ever declared the income? Has Revenue ever gone looking for tax?

If there was ever a crackdown of this, it would be the end of foreign kids coming to learn English here. Those kids spend here too. Mostly McD's, Penneys and Carrolls I know, but spending all the same.

I know of one revenue audit where the issue arose.

The accountants put together some reasonable business expenses and revenue moved on to another matter.

tina1040

CIARAN_BOYLE wrote: »

I know of one revenue audit where the issue arose.

The accountants put together some reasonable business expenses and revenue moved on to another matter.

Who is liable...husband or wife or half each?:)

Pawwed Rig

Half each if the house is jointly owned.

Mrs OBumble

Whoever's bank account the cash is lodged into. Jointly if it's a joint account, or you're paid in cash.

Pawwed Rig

Mrs OBumble wrote: »

Whoever's bank account the cash is lodged into. Jointly if it's a joint account, or you're paid in cash.

That is not true. Otherwise I would be getting all of my clients to lodge dividends and rental income into their wives/kids accounts. Ownership is the key. Doesn't really matter though as rent a room is just a disclosure with no tax due.

Pawwed Rig

Mrs OBumble wrote: »

Whoever's bank account the cash is lodged into. Jointly if it's a joint account, or you're paid in cash.

That is not true. Otherwise I would be getting all of my clients to lodge dividends and rental income into their wives/kids accounts. Ownership is the key. Doesn't really matter though as rent a room is just a disclosure with no tax due.