Rent a Room Relief gives you €14,000 tax free if you follow the correct rules.
A lot or people seem to think that the airbnb is tax free under this Scheme. It’s not. Key items to note:
- Unless your “renter” stays at least 28 days in a row. It’s taxable. (College students in digs should be fine though)
- Garden “Chalets” or apartments don’t qualify, but a converted loft, garage or basement does.
The latest info is on this link. Rent A Room Relief Latest
Make sure you declare the income and related expenses.If you wish to declare your rental income, complete my 2 minute questionnaire on irishrentaltax.ie
The tax man will already have received your name from airbnb.
My own view is that airbnb is a great invention. The property owner gives a review of the renter which keeps manners on everything. We all read the stories of errant guests arguing with owners previously when they had done wrong by threatening to give a bad review to tripadvisor or booking.com. This has stopped all that.