Hi, me and DH have just started doing air bnb and are trying to get our heads around the tax side of things!!
He set up the account but then we tried to make me the primary host and I set up the money to go into my account, as I earn less so we wanted it to go on my tax bill. However this hasn't worked out as we thought as everything is still registered to him and his account. Air bnb say the only way around this is to redo our listing under my name, which we're loathe to do as we have lots of good reviews we will lose!!
If we manage to change the settings so that the money goes into my account, but the actual air bnb listing is still in my husband's name, will that mean that we have to declare the earnings on his tax return, or can we still do it on mine as the money is going into my sole account??