S settlement Registered User Messages 266 9 Oct 2017 #1 Is it any different to regular property rental?
T Taxpert Registered User Messages 45 14 Oct 2017 #3 Yes it is different. Property rental is Sch D Case V. Specific rules apply(eg only 80/85% of mortgage interest is allowable) Airbnb is a " trade". Sch D Case I ( or maybe II?). Different rules apply where allowable expenses are concerned.
Yes it is different. Property rental is Sch D Case V. Specific rules apply(eg only 80/85% of mortgage interest is allowable) Airbnb is a " trade". Sch D Case I ( or maybe II?). Different rules apply where allowable expenses are concerned.