Having looked at the 'Airbnb VAT' thread on the Tax forum I'm wondering if the advantages & tax efficiency for Airbnb out-weigh long-term tenants or B&B accommodation - although I'm still confused as to how Airbnb income is taxed. I realise that the work involved is more intense, furnished accommodation is required and that overall yearly expenses are probably higher (more akin to B&B arrangement). However Airbnb customers don't have automatic rights to be housed after six months when they refuse to pay for the service. Plus it probably eliminates the need to register with the RTB and be governed by associated rules and regulations. Airbnb service-providers aren't tarred with the same brush as current landlords - which probably dates back to the demon Famine eviction landlords - because they are not providing a service which the government should provide and has failed to do. For a retired person with direct family willing to take on most of the work - which is more tax efficient - Airbnb, a long-term rental or a bed & breakfast business?
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