[https://www.bbc.co.uk/news/business-67855872](https://www.bbc.co.uk/news/business-67855872)
Lots of online things now have to share more information to HMRC.
Wonder how many one-bedroom properties are going to be up for sale now, as people decide it’s not worth the bother of all the paperwork.
Will the Edinburgh housing problem be made better or worse, do you think ?
by Synthia_of_Kaztropol
2 comments
>as people decide it’s not worth the bother of all the paperwork.
Anyone not declaring income via lettings be it long or short term is breaking the law and should be prosecuted.
I suspect most will just setup companies to operate them and will pay corp tax which will likely be less than income tax as an individual assuming they are still working a normal job.
If there’s profit to be made, nothing will change