UK Taxes

Emily1079
Level 2
London, GB

UK Taxes

Hi 

 

I'm concerned that I am not doing the correct thing as far as taxes go on my airbnb. I've read countless websites and advice papers but I'm still not sure what to do. I have a full time job and have always paid tax through PAYE. A tax return is foreign to me. Could someone help me out please? 

 

Thanks in advance.

Emily

1 Reply 1
Mike-And-Helen0
Level 10
England, United Kingdom

@Emily1079 if you are renting space in your home then you are covered by the "Rent a room" scheme up to a few thousand.

 

If you're letting a whole house you'll probably have to fill in a tax return, but I should think its easy enough to show minimal profit.

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