As a certified specialist in tax law with many years of experience, both as managing director of several tax advisory firms and in tax criminal law, I would like to inform you about an important and topical issue: undeclared Airbnb income and its possible consequences.

The tax authorities have access to Airbnb data

In recent years, the tax authorities have increasingly gained access to Airbnb data going back several years. This can reveal income from Airbnb lettings that was not properly declared. If you have not declared your Airbnb income, this may lead to significant problems.

The tax authorities' response

There are essentially two ways in which the tax authorities may respond:

  1. Request for a subsequent declaration : In many cases, taxpayers first receive a request to report their Airbnb income retrospectively. This gives you an opportunity to correct your return and make any necessary payments.

  2. Opening criminal proceedings : In more serious cases, the tax authorities may open criminal proceedings for tax evasion, particularly where deliberate concealment of income is suspected.

Taxation of Airbnb income

Income from Airbnb lettings is subject to income tax. Some basic information on taxation follows:

  1. Income and expenses : Rental income must be reported in the tax return. Related expenses may, however, be deducted, including cleaning, repairs, depreciation of the property and loan interest.

  2. Value added tax (VAT) : VAT may arise if a certain turnover threshold is exceeded. This must be kept in mind when applying the small business rules or registering for VAT.

What should you do after a request or the opening of criminal proceedings?

If you receive a request to disclose your Airbnb income or criminal proceedings are opened, prompt and considered action is needed. Here are some steps you should take:

  1. Gather documents : Gather all relevant documents and receipts for your Airbnb income and related expenses.

  2. Seek tax advice : Promptly consult a specialist lawyer or tax adviser to assess your situation and plan the best course of action.

I support you with my many years of experience. I have successfully handled numerous cases and can help you correct tax returns and minimise possible legal consequences.

Conclusion

Undeclared Airbnb income can have serious consequences. If you are affected, seek professional help. A timely and correct subsequent declaration can help you avoid possible criminal proceedings and put your tax affairs in order.

Please contact me to discuss your circumstances and plan the next steps. Together, we will find the best solution for your tax challenges.