Airbnb owners and buyers – Should you be worried about the new regulations?
“While travel on our platform accounts for less than 1 in 8 visitors to South Africa, those guests boosted the economy by R8.7 billion and helped create 22,000 jobs last year alone” and “Regulation is a useful and necessary tool of good policy, but policy comes first. Sadly, the current wording of the draft Bill […]
Making money with Airbnb? Tax and other issues
Airbnb is an increasingly popular and lucrative way for residential property owners to earn extra income from short-term rentals of spare rooms, holiday houses, apartments and the like. Bear in mind these 3 factors – You need to provide for taxes. SARS has recently confirmed that your Airbnb earnings (after deduction of allowable expenses) are […]