Thinking of renting your home (or part of it) on AirBNB or some similar website?
It should be pretty obvious that the income, less relevant deductible expenses over the period of the let, will be taxable and needs to go on your tax return.
However, you also need to be aware that as soon as you earn income from your home, the capital gains tax principle primary residence exemption (PPR) is potentially no longer available in full.
Part of the capital gain will generally be taxable on sale, based on a prorated basis.
So before you celebrate your new earnings from renting out the home whilst you are on vacation, make sure you consider how much capital gains tax this will cost you when you eventually sell the property.
You also need to keep detailed records of all lettings (income & expenses) until you eventually sell the property,