Airbnb is a great way to get involved in the sharing economy. The idea is to let travellers stay in your home for a fee, providing them with a more ‘local’ experience while you get to make some extra income. Alternatively, some homeowners let out their second properties when they aren’t in use.
However, any income you make through Airbnb is subject to taxation. Make sure you are getting your tax returns right by staying up to date with Airbnb tax regulations. This guide is here to help you figure out what you owe and what you can deduct.
Keep reading for some top tips on how to claim deductions on any Airbnb tax.