Post new topic Reply to topic  [ 69 posts ]  Go to page Previous  1, 2, 3, 4, 5
Author Message
 Post subject: Re: Gig/'Sharing'/Rentier economy/Airbnb effect
PostPosted: Tue Sep 11, 2018 2:59 pm 
Offline
Too Big to Fail
User avatar

Joined: May 6, 2008
Posts: 4749
Location: the nearest faraway place
I wonder will this help increase the number of long term lets.

_________________
Every single frozen corpse in the Death Zone on Everest was once a highly motivated person.

Those who don't study history are doomed to repeat it. Those who do study history are doomed to watch everyone else repeating it.


Top
 Profile  
 
 Post subject: Re: Gig/'Sharing'/Rentier economy/Airbnb effect
PostPosted: Tue Sep 11, 2018 5:54 pm 
Offline
Too Big to Fail

Joined: Aug 23, 2008
Posts: 3652
Location: Bogtrotterland!
snaps wrote:

Shocked couple find hidden camera in Airbnb
https://www.independent.co.uk/travel/ne ... 31436.html
Quote:
That’s what happened to Dougie Hamilton, who was on holiday with his girlfriend in Toronto, Canada. After a busy day of sightseeing, he returned to his apartment to find a video camera hidden in a digital clock in the Airbnb he booked.


Creepy :|

Could be worse, Could be on https://www.insecam.org/ proadcasting live to the world.

_________________
"Democracy is like sausage, you want it, but you don't want to know how it is made". [John Godfrey Saxe]
Ronald Coase, Nobel Economic Sciences, said in 1991 “If we torture the data long enough, it will confess.”
"Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild
"To be precise, my mistake. Humans are underrated": Elon Musk


Top
 Profile  
 
 Post subject: Re: Gig/'Sharing'/Rentier economy/Airbnb effect
PostPosted: Wed Sep 12, 2018 4:36 am 
Offline
Under CAB Investigation

Joined: May 12, 2012
Posts: 2084
FreeFallin wrote:
My guess is that there is widespread tax issues in this sector. Could fund a large part of any giveaway budget in the next few years



Possibly, but government revenue is north of €60bn.

I doubt that evasion on airbnb is all that much by comparison.


Top
 Profile  
 
 Post subject: Re: Gig/'Sharing'/Rentier economy/Airbnb effect
PostPosted: Tue Sep 18, 2018 2:17 pm 
Offline
Of Systemic Importance
User avatar

Joined: Aug 20, 2009
Posts: 5182
Revenue warns Airbnb hosts they are liable for tax

https://www.irishtimes.com/business/tra ... -1.3633189

Quote:
Revenue is writing to around 12,000 Airbnb hosts warning them that they are liable to pay tax on cash earned from letting their properties to visitors.

Airbnb has provided tax authorities with details of residents in the Republic who have used its site to let rooms, apartments or houses to tourists and other visitors.

Revenue confirmed that it has begun writing to 12,000 hosts pointing out that it has received the information from the multi-national accommodation sharing website.

“We would like to remind you of your obligation to tell Revenue about this income,” the letter states.

Revenue adds that if the recipient has made a “correct and complete” tax return, they need take no further action.

However, it warns that if the person has earned income from Airbnb and not told the Revene or submitted an incorrect tax return, “your will need to correct your tax affairs”.


Top
 Profile  
 
 Post subject: Re: Gig/'Sharing'/Rentier economy/Airbnb effect
PostPosted: Thu Nov 08, 2018 4:00 am 
Offline
Nationalised

Joined: Nov 6, 2006
Posts: 8860
Location: Hollywood
Quote:
In Sydney, the eastern beaches suburbs, Darlinghurst and Manly have been the focus of Airbnb activity, which accounts for between 11.2% and 14.8% of rental housing stock. In Melbourne, central Melbourne, Docklands, Southbank, Fitzroy and St Kilda have been the focus of Airbnb listings, which account for between 8.6% and 15.3% of rental housing stock.

https://www.ahuri.edu.au/__data/assets/ ... ummary.pdf


Top
 Profile  
 
 Post subject: Re: Gig/'Sharing'/Rentier economy/Airbnb effect
PostPosted: Thu Nov 08, 2018 4:11 am 
Offline
Nationalised

Joined: Nov 6, 2006
Posts: 8860
Location: Hollywood
Quote:
Employees looking for a hike in salary have lost their bargaining power because of a rise in underemployment, according to a new paper by University of Stirling economists.

Professor David Bell and Professor David Blanchflower, of the Stirling Management School, looked at the reasons wage growth has remained static despite the return of the unemployment rate to pre-recession levels.

In their paper, The Lack of Wage Growth and the Falling NAIRU, published by the National Bureau of Economic Research today, they attributed this to the rise in underemployment which rose in the Great Recession but has not returned to pre-recession levels.

Underemployment refers to people who are highly skilled but working in low-paying or low-skill jobs, and part-time workers who would prefer to be full time.


Read more at: https://phys.org/news/2018-04-academics ... t.html#jCp


Contract to contract gig work - no wage increments or other benefits, no way to join a union if you work for a different place every 3-9 months etc
Using the US as an example of where things go when work is insecure but seemingly plentiful - https://www.theguardian.com/business/20 ... since-1969

Unemployment lowest since 1969 when wage growth was over 10% https://tradingeconomics.com/united-states/wage-growth
& Inflation was around 6% https://inflationdata.com/articles/infl ... 1960-1969/


Top
 Profile  
 
 Post subject: Re: Gig/'Sharing'/Rentier economy/Airbnb effect
PostPosted: Thu Nov 08, 2018 11:55 am 
Offline
Nationalised

Joined: Sep 29, 2010
Posts: 8741
Location: London, innit
TheJackal wrote:
Revenue warns Airbnb hosts they are liable for tax

https://www.irishtimes.com/business/tra ... -1.3633189

Quote:
Revenue is writing to around 12,000 Airbnb hosts warning them that they are liable to pay tax on cash earned from letting their properties to visitors.

Airbnb has provided tax authorities with details of residents in the Republic who have used its site to let rooms, apartments or houses to tourists and other visitors.

Revenue confirmed that it has begun writing to 12,000 hosts pointing out that it has received the information from the multi-national accommodation sharing website.

“We would like to remind you of your obligation to tell Revenue about this income,” the letter states.

Revenue adds that if the recipient has made a “correct and complete” tax return, they need take no further action.

However, it warns that if the person has earned income from Airbnb and not told the Revene or submitted an incorrect tax return, “your will need to correct your tax affairs”.

Renting out a room commercially (not in Rent a Room scheme) also has CGT implications?


Top
 Profile  
 
 Post subject: Re: Gig/'Sharing'/Rentier economy/Airbnb effect
PostPosted: Thu Nov 08, 2018 12:10 pm 
Offline
Back Home with Mammy

Joined: Oct 11, 2017
Posts: 52
Are there any tax implications of hosting students on an ongoing basis?


Top
 Profile  
 
 Post subject: Re: Gig/'Sharing'/Rentier economy/Airbnb effect
PostPosted: Thu Nov 08, 2018 3:19 pm 
Offline
Holiday Home Owner

Joined: Jun 28, 2010
Posts: 326
Salamander wrote:
Are there any tax implications of hosting students on an ongoing basis?


The Rent a room disregard rate is fairly generous. You'd want to be having two or more students 48 weeks of the year at the usual going rate (which is between €150-€190 per week incl breakfast and evening meal) for the revenue to take interest. I'd have one neighbour who exceeds that income threshold but I would say it's pretty rare and the costs of chasing such cases is probably not worth it to the authorities.

Would you like to share your home with a revolving door of disparate teenagers for that length of time? I personally don't know how she does it other than it must be a necessity given her personal circumstances.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 69 posts ]  Go to page Previous  1, 2, 3, 4, 5


Who is online

Users browsing this forum: Google Feedfetcher and 18 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Jump to:  

Click for Latest Posts LATEST POSTS Click for Forum List FORUMS   

Follow, Retweet @dailypinster

  

Pyramid Built, Is Better Built!