Wednesday 13 December 2017

'€400 rise in tax credit is welcome'

The enterprising Airbnb host: Mauro di Porzio

The enterprising Airbnb host Mauro di Porzio
The enterprising Airbnb host Mauro di Porzio

A BOOST to the self-employed tax credit is great news for an enterprising Airbnb host.

Mauro di Porzio came to Dublin in 2005 for work, but gave up his full-time job to host people in a city centre apartment using the short-term rental site.

Originally from Milan, he has recently started a new business, BookingAllIn, to help fellow hosts manage their properties.

Mauro says he's delighted that the self-employed tax credit would now be worth €950.

"Any increase to that tax credit is welcome," he said, adding the €400 boost would help when establishing his new company.

Mauro also believes that Ireland is an easier place to do business as a self-employed worker than other European countries.

Mauro first found work in a multinational in Dublin and has worked in various roles in the city since.

But after investing in an apartment in 2012, he found that what he earned renting out the property was exceeding his income.

Giving up the day job is a risk that has proven successful for Mauro.

"In 2015, I had 91pc occupancy in the apartment - that's 330 out of 365 nights," he said.

But he added that being an Airbnb host poses unique challenges.

"It's not a nine-to-five job. It's almost 24/7," he said.

"You just count your own costs," he added.

"It does pay the bills, but there is much more work involved than with a normal tenant."

Irish Independent

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business