income tax for Furnished Holiday Home UK

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income tax for Furnished Holiday Home UK

Hi,

Can anyone explain what amount do I have declare as my income from Airbnb in UK:

1.) The amount that is paid into my account by Airbnb, or

2.) the above plus the host fee?

I'm using cash basis accounting.

 

Thanks

Top Answer
Mike-And-Jane0
Top Contributor
England, United Kingdom

@Jacek29 You need to include the Airbnb fees in the revenue box and then put the same fees into the return in the appropriate costs box.

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1 Reply 1
Mike-And-Jane0
Top Contributor
England, United Kingdom

@Jacek29 You need to include the Airbnb fees in the revenue box and then put the same fees into the return in the appropriate costs box.