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Air BnB Taxes - is there any allowance PA?

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  • 27-09-2018 9:11pm
    #1
    worded
    Registered Users Posts: 4,579 ✭✭✭


    Mate is thinking about doing it and thinks there is a 14K allowance and I believe he is mistaken and thats for the govt rent a room scheme for med to long term renters.

    So my question is - how is Air BnB taxed? Is there any allowance at all ?

    Thanks


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    #2
    Gumbo
    Moderators, Society & Culture Moderators Posts: 39,335 Mod ✭✭✭✭Gumbo


    worded wrote: »
    Mate is thinking about doing it and thinks there is a 14K allowance and I believe he is mistaken and thats for the govt rent a room scheme for med to long term renters.

    So my question is - how is Air BnB taxed? Is there any allowance at all ?

    Thanks

    Same way as a normal rental.
    The 14k is the rent a room scheme so you are correct and your friend is mistaking.


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    #3
    worded
    Registered Users Posts: 4,579 ✭✭✭worded


    kceire wrote: »
    Same way as a normal rental.
    The 14k is the rent a room scheme so you are correct and your friend is mistaking.

    Thanks

    How much is a normal rental taxed at do you know?


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    #4
    nim1bdeh38l2cw
    Closed Accounts Posts: 689 ✭✭✭nim1bdeh38l2cw


    At your normal rate of tax


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    #5
    nim1bdeh38l2cw
    Closed Accounts Posts: 689 ✭✭✭nim1bdeh38l2cw


    At your normal rate of tax


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    #6
    Ace2007
    Registered Users Posts: 19,705 ✭✭✭✭Ace2007


    worded wrote: »
    Thanks

    How much is a normal rental taxed at do you know?
    I assume it's just treated as Income and so if your mate has another job, he's probably looking at 40%, but I could be wrong.


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    #7
    tobsey
    Registered Users Posts: 1,275 ✭✭✭tobsey


    Ace2007 wrote: »
    I assume it's just treated as Income and so if your mate has another job, he's probably looking at 40%, but I could be wrong.

    Plus USC & PRSI


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    #8
    TitianGerm
    Registered Users Posts: 28,090 ✭✭✭✭TitianGerm


    Revenue issued new guidelines on taxation of Air B&B recently after gaining full access to the Air B&B database.

    It is not to be treated as a rental (Case V income) but as either a trade (Case I) if the room/house is available on a regular basis or as Case IV income if not available on a regular basis.

    I have the document in work that I can post tomorrow.


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