Airbnb special: More B&B than landlord

The tax treatment of income earned by Airbnb hosts has been a source of confusion

Revenue has taken a hard line approach, deeming the income earned by Airbnb hosts to be taxable as trading income

‘Find me a one-armed economist,” Harry S Truman once cried in exasperation.

When his puzzled economic advisers queried why, he fixed them with a steely glare. “Because a one-armed economist will only have one hand.”

Sensing the room had not yet caught up, he growled “You never give straight answers. Every time I ask a question, it’s always “Well, on one hand” before the inevitable “but on the other . . .”

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