Yes, you can Airbnb your primary residence in the UK, but there are a few considerations and regulations you need to be aware of:
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Council Regulations: Local council regulations can vary significantly. Some areas may have restrictions on the number of nights you can rent out your property annually without requiring planning permission. For example, in London, you can rent out your home for up to 90 nights in a calendar year without needing to apply for planning permission. Renting for longer periods may require a change of use application.
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Mortgage Lender’s Permission: If you have a mortgage on your property, you need to check with your mortgage lender to ensure that renting out your property on Airbnb does not breach your mortgage terms. Some lenders may require specific types of mortgages or explicit permission to use your property for short-term lets.
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Insurance: Standard home insurance policies may not cover activities associated with short-term letting. It’s important to check with your insurance provider and ensure you have appropriate coverage that includes public liability and damage to property.
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Tax Implications: Income generated from Airbnb is subject to taxation. However, you may be eligible for the Rent a Room Scheme, which allows you to earn up to £7,500 per year tax-free from letting out furnished accommodation in your home. If you earn more than this threshold, you’ll need to complete a tax return.
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Leasehold Agreements: If your property is leasehold, you should also check the lease terms. Some leases prohibit subletting or using the property for commercial purposes, including short-term rentals.
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Neighbourhood Considerations: It’s also good practice to consider how your Airbnb activity affects your neighbours, especially in terms of noise and the use of shared spaces.