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.
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