A tax expert is warning professional and amateur landlords that if they switch from conventional rentals to Airbnb-style short lets for major events, they risk being scrutinised by HM Revenue & Customs.
Ian McMonagle, a tax director at chartered accountants and business advisers, Russell & Russell, has taken this autumn’s COP 26 Climate Change conference as an example.
He says any Glaswegians dreaming of making thousands of pounds from renting out their homes to conference delegates and visitors should expect HMRC to be on their case.
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