HMRC Investigation Into Airbnb Landlords May Be Last Straw For Short-Term Letting Growth

The upcoming investigation by HM Revenue and Customs (HMRC) into Airbnb landlords could result in a significant exodus of landlords from the short term letting sector, property management firm Apropos has warned. Airbnb has passed on the financial transactions of 225,000 people who rent out homes and rooms through its site, which could potentially result in landlords having to pay substantial bills, particularly those who operated multiple properties using the site. This investigation by HMRC into the income earned by these property owners between 2017-2018 and 2018-2019 means that many more landlords will feel that the short-term letting market is not for them. Read more on the Property Wire website.

https://www.propertywire.com/news/house-builder-progresses-works-on-new-15m-housing-development-in-west-oxfordshire/