Thu, 06 Apr 2023
Time is running out for homeowners who wish to benefit from theopular Homestay Scheme are reminded that the deadline for registering or renewing their property is next Friday (14th April 2023).
The Homestay Scheme, operated by local firm MiQuando, provides an opportunity for households to host paying visitors for the TT Races and the Manx Grand Prix. During the TT period ‘Homestay Hosts’ can earn up to £2,350 tax free income.
Any household looking to offer Homestay accommodation and host paying visitors during the period must be registered. Households which do not register for the scheme will not have access to the tax free allowance and will not be covered by the Department’s Public Liability insurance. Registration is quick and easy, with fees of £60 for a new one-year registration or £80 for two years. The fee includes an inspection visit, plus marketing on the official Homestay website.