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Rent your spare bedroom - 11/10/2017 - 11:28:14 sal2015
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costs of living

Use AirBNB, make some spare cash for Christmas.

https://www.airbnb.co.uk/


Toluth wrote on 11.10.2017 at 11:46

Are there any restrictive laws to the use of Airbnb in the UK like in Germany?
In Germany for example (Berlin specifically) you can only rent a room for Airbnb in the same apartment that you live in, and not a whole apartment for instance. I think the reason for this is to help alleviate the housing issue.

There are also tax responsibilities you have to take into account.


sal2015 wrote on 11.10.2017 at 11:52

I believe criminal charges can be brought if a property is in Greater London and the resident lets any part of it out on a short-term basis for more than 90 days in any 365-day period (planning).

Other than that I'm not sure. Usual matters to consider though are insurance, tax, mortgage, nuisance.


Toluth wrote on 11.10.2017 at 12:24

You are right. Insurance, tax and more importantly your neighbors are important to consider.


vtk wrote on 21.10.2017 at 10:16

However, you get a tax free allowance:

The Rent a Room Scheme lets you earn up to a threshold of £7,500 per year tax-free from letting out furnished accommodation in your home. This is halved if you share the income with your partner or someone else.

You can let out as much of your home as you want.

Source: https://www.gov.uk/rent-room-in-your-home/the-rent-a-room-scheme



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