Airbnb hosts face tax probe and penalties for undeclared income

Airbnb hosts face tax probe and penalties for undeclared income

HM Revenue & Customs (HMRC) are looking into the earnings of Airbnb hosts. Those not declaring their income correctly could face penalties and sanctions. This is part of routine activity to identify individuals not paying the correct amount of tax

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Let Property Campaign: An opportunity for Airbnb hosts

Let Property Campaign: An opportunity for Airbnb hosts

Airbnb hosts who have neglected to declare taxable rental income have an opportunity to do so via HMRC’s Let Property Campaign (LPC). If rental income from a second property is not covered by rent-a-room relief, this should be declared on

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Stamp duty surcharge on non-resident property transactions

Stamp duty surcharge on non-resident property transactions

The government has issued draft legislation outlining how the two per cent Stamp Duty Land Tax (SDLT) surcharge will apply to non-resident property transactions. ‘Relevant period’ for stamp duty residence test From 1 April 2021, the number of days a

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