AirBnB (4)

Meeting: 
MQT on 2016-10-19
Session date: 
October 19, 2016
Reference: 
2016/3894
Question By: 
Andrew Dismore
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

Do you agree with the RLA, that there are particular tax advantages for landlords who rent out their properties as short-term holiday lets for example through AirBnB, rather than rent them out with long tenancy agreements; and if so will you lobby Government over this loophole ?

Answer

Answer for AirBnB (4)

Answer for AirBnB (4)

Answered By: 
The Mayor

I support the right of Londoners to be able to benefit from renting out their homes for short periods, to meet new people, to earn a little extra money and to add to the residential offer for visitors. The RLA report in question notes that in the Spring Budget of 2016 the government announced a tax break of £1,000 to support the sharing economy. It will take time to assess the impact of these changes on Airbnb activity in London and the housing market in general.