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Revenue may check Air BnB

People renting out rooms to holidaymakers on AirBnB have been warned that the Revenue Commissioners...
TodayFM
TodayFM

6:47 AM - 10 Apr 2015



Revenue may check Air BnB

News

Revenue may check Air BnB

TodayFM
TodayFM

6:47 AM - 10 Apr 2015



People renting out rooms to holidaymakers on AirBnB have been warned that the Revenue Commissioners could begin monitoring the company's website to ensure they're paying tax.

Around 4 and a half thousand Irish properties are listed on the website, which allows people to rent out rooms or entire houses on a short-term basis.

According to the Irish Independent, those renting rooms may be liable for capital gains tax if they sell a private property that has previously been rented out.

They're being advised to declare the rental income for tax purposes and keep a record of any expenses incurred.



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