first_img Facebook WhatsApp 365 additional cases of Covid-19 in Republic Homepage BannerNews Man arrested on suspicion of drugs and criminal property offences in Derry RELATED ARTICLESMORE FROM AUTHOR 75 positive cases of Covid confirmed in North Google+ People renting out rooms or homes on Air BnB could be liable to pay income tax of up to 50 per cent on the profits.Around 4 and a half thousand Irish properties are listed on the website, 79 of those in Co Donegal.Air BnB allows people to rent out rooms or entire houses on a short term basis.Revenue has advised that those renting rooms could be liable for capital gains tax if they sell a private home that was previously rented out.A Director at Mespill Taxation Advisors, Leigh Cullen, says Revenue advises that providing guest accommodation on the site is considered to be trading as a guest house, which is liable to income tax….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/04/lcull.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Further drop in people receiving PUP in Donegal Pinterest Pinterestcenter_img Twitter Donegal properties listed on Air BnB could be liable to pay income tax Previous articleThe Moon is an Orange Triangle – Series 2 Ep 2Next articleSt Johnston to get wastewater treatment plant admin Google+ Twitter By admin – April 10, 2015 Main Evening News, Sport and Obituaries Tuesday May 25th WhatsApp Facebook Gardai continue to investigate Kilmacrennan firelast_img read more