A little clarity from county Tipp. To wit:
The ‘rent a room’ scheme allows a homeowner to rent out a room, or many rooms, in their home to students, interns or professionals, TAX FREE, as long as they do not earn over the magical €12,000 per annum. Revenue’s argument is that in the above scenario the person renting the room is a ‘resident’ whereas under the AirBnB scenario they are a ‘guest’. The argument further continues that because they are a ‘guest’ it is now a ‘trade’.
To be honest, it is all very stilted towards city dwellers. We’d gladly be surrogate parents to a student or intern, if there was the opportunity.
Living in prime agricultural/rural Ireland, there are no hospitals or industry within a 40 mile radius. There is a massive exodus of students from here to the cities every Sunday during term time…. heading off to line the pockets of the ‘non-trading’ ‘rent a room’ folks.
Parts of rural Ireland are dead during the week… waiting patiently for the young people to come home again at the weekend.
Can anyone explain to me what’s not a ‘trade’ about renting a room to a student, intern or professional?