Income from holiday home

I am self employed business consultant but bought a property abroad (Cyprus). Because of the 90 day rule I am renting it out via AirBnb when I am not there. I have added the income (in pounds) to my upcoming tax return, but I also have to declare earning in Cyprus. It is not a lot of money, but I am not sure what to do with regards ensuring I am not paying twice. Also, AirBnb give you a VAT invoice - does this mean they pay the VAT on your behalf, or do I have to register for VAT? I have done my own returns for 12 years and never had so much confusion before! Thanks in advance for your input.

Hi,

Cyprus has the right to tax your property income from your property in Cyprus.  Please record any tax paid in boxes C and 28 on page F4 of the Foreign income pages.  That way HMRC in the

UK can take into account any tax that you have already paid. This is then offset against any potential tax due in the UK.  I am not qualified to answer any questions on VAT.   Please phone our

VAT Helpline on VAT: general enquiries

Thank you.
 

Thank you I will make a note of the C and 28 on page F4!