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Airbnb

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  • 27-09-2020 12:02pm
    #1
    snake0
    Registered Users Posts: 5 ✭


    Hi all,

    first of all thanks for your help in advance.

    Last year I've rented out a room in my apartment and generated an income on AIRBNB.
    I'd like to declare it but I'm bit lost on the process to follow and the section to use on revenue.ie
    I have as well few examples correlated to the income to the declare.

    Could you please help me on this matter?

    Thanks


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  • Options
    #2
    relax carry on
    Registered Users Posts: 4,072 ✭✭✭relax carry on


    snake0 wrote: »
    Hi all,

    first of all thanks for your help in advance.

    Last year I've rented out a room in my apartment and generated an income on AIRBNB.
    I'd like to declare it but I'm bit lost on the process to follow and the section to use on revenue.ie
    I have as well few examples correlated to the income to the declare.

    Could you please help me on this matter?

    Thanks

    What was the gross amount of income generated and what is the taxable amount when you deduct allowable expenses?


  • Options
    #3
    snake0
    Registered Users Posts: 5 ✭snake0


    it's 4k groos and 3k out of expenses


  • Options
    #4
    relax carry on
    Registered Users Posts: 4,072 ✭✭✭relax carry on


    snake0 wrote: »
    it's 4k groos and 3k out of expenses

    You can complete a Form 12 via your online Revenue MyAccount for 2019. The income goes in the other income section in part 3 under trading profit.

    https://revenue.ie/en/additional-incomes/is-your-extra-income-taxable/index.aspx


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