'Airbnb bill' aimed at taxing Cornwall's second homeowners - BBC
Summary
A new bill is being proposed in Cornwall, UK, that would tax second homeowners who use their properties as short-term rentals. This could impact your profitability if you own a property in Cornwall. Stay informed about local regulations to avoid potential tax implications.
Key Insights
- •A new 'Airbnb bill' is aimed at taxing second homeowners in Cornwall.
Action Items
- ✓Stay informed about the specifics of the proposed tax changes in Cornwall.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with new tax regulations could lead to financial penalties.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
Curated by Learn STR by GoStudioM