UK TAX WHEN YOU SELL Your HOUSE ON SQUARE FOOTAGE SOLD TO AIRBNB AT 33 PERCENT IS IT WORTH IT?

[Francesca18]

I would like to know!! By the time I pay the cleaning lady £22 for 2 hours work on the room, provide breakfast £6.00 and wash the sheets and towels usually 2 loads so lets day £8. at laundrette prices. paid tax after the rent a room scheme allowance of 4,250 this year rising to about 6 or 7000 next year. Is it worth it. Capital gains will be applied I believe on the square footage you have rented in your house at 33 percent backdated since 2012. Nice as it is to host and ot have had this income stream I think I am going to refrain as the profits are so small. I think I need to charge £73 per night to make a £20 profit for me. MEANWHILE I BELIEVE AIRBNB DO PROFIT !! YOUR COMMENTS INVITED.

[Francesca18]

So you pay tax annually on income received and you pay tax when you sell your house on it too.