DAC7 Explained: What Every STR Host and Property Manager Needs to Know
Description
In this episode of the Host Planet Podcast – powered by Hostfully – Natalie Dowling breaks down DAC7 – the EU directive changing how short-term rental income is reported and taxed.
We cover:
- What DAC7 is and why it was introduced.
- How it affects hosts and property management companies.
- Who’s responsible for data collection and reporting.
- How to stay compliant — and what happens if you don’t.
- The real penalties for getting DAC7 wrong.
Many STR businesses are still in the dark about DAC7 – this episode gives you the clarity you need to stay ahead, stay compliant, and protect your business.
0:49 What is DAC7 and why was it introduced?
6:32 How DAC7 affects short-term rental hosts and property managers
8:02 The platform authority is responsible for reporting
8:30 How to collect data and report earnings
11:10 Some companies are still in the dark about DAC7
12:24 Where property management companies can go for help
13:49 Where PMCs should start
15:49 Can an accountant deal with this?
17:21 The difference between personal and company set-ups on the OTAs like Airbnb and Booking.com
18:44 The potential penalties of not complying with DAC7
Blog post featuring key links: https://www.hostplanet.club/post/dac7-what-every-short-term-rental-business-needs-to-know
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Property Management Software: Get $500 off onboarding by using the code PLANET500.
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Keen to book a Hostfully demo? Click here to connect with Frank Bosi: https://tinyurl.com/Hostfully-Demo
Email Frank: frank@hostfully.com
Host Planet: https://www.hostplanet.club/
James Varley: https://www.linkedin.com/in/jdsvarley/
Natalie Dowling: https://www.linkedin.com/in/natalie-dowling-53b52171/
Hartford Consulting: https://www.hartfordconsultants.co.uk/
Episode to check next: Welsh Holiday Let Owners Are Giving Up: https://www.youtube.com/watch?v=SB-a8ZM5xWU
Host Planet Podcast is presented by James Varley, a holiday let investor and property manager who is also the Founder of Host Planet. Before founding Host Planet, James spent 20 years in the media, including a decade leading corporate communications for the FIFA World Cup Qatar 2022.
Contact the show: info@hostplanet.club
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