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CunningPlan

Are shock tax bills on the way for British Airbnb landlords?

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http://www.telegraph.co.uk/finance/personalfinance/tax/11796861/Are-shock-tax-bills-on-the-way-for-British-Airbnb-landlords.html

British people who rent out their spare rooms through Airbnb could soon find their details handed to HMRC, experts warn, after the company has been forced to share data about its Irish users with the tax authorities in Ireland.

.....

Sean Wakeman, tax investigations partner at Crowe Clark Whitehill, said: “It is inconceivable that when HMRC can demand information from the likes of Amazon and Ebay that it will not seek to exploit the relatively low hanging fruit of Airbnb.

“In the current age of transparency, it would be hard for Airbnb to hide behind any jurisdictional veil of secrecy. Individuals who have rented out rooms for sums in excess of the non-taxable rent-a-room allowance should take expert advice with a view to declaring any sums of tax owing thought to HMRC’s let property campaign.

Intersting, especially in light of the other discussion about HMRC 'not bothering' with Landlords.

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