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01 June 2021
Tax consequences of Airbnb pod in garden.
My client is intending to build a pod in his garden to use as an Airbnb. It is a separate building that is not attached to his residence. I am told that many of my client’s neighbours have done this and as he is coming up to retirement it will be a useful source of income. He has assured me he will comply with Airbnb regulations.
I have the following questions:
- Would this be the same as a buy to let?
- Can he claim for the cost of building and fitting out the pod as a tax deduction?
- What are the capital gains consequences if he ever sells his home?
- Will the Airbnb income be taxed as a normal letting income with expenses?
Query 19 752 – Hobbit.
Income from letting a pod will be taxed under the property income rules
As I understand it pods are...
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