12 April, 2023
Isle of Man homeowners who wish to benefit from the popular Homestay Scheme are reminded that the deadline for registering or renewing their property is 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.
Nigel Jones, Director of MiQuando, commented:
‘We’re gearing up for a thriving year for Homestay registrations, with the number of homestay properties for 2023 nearing pre-pandemic levels and a continuously growing list of visitors seeking quality accommodation. By registering for the Isle of Man Homestay Scheme and opening your home to visitors, you are not only helping to alleviate the demand for accommodation during these busy periods, but you are also creating a warm and welcoming atmosphere that makes the TT Races truly unique.’
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 www.iomhomestay.com and social media pages.
Copies of the Homestay Hosts information pack and registration form are available to download from the hosts section of the Homestay website, or a copy can be requested from MiQuando by emailing hosts@iomhomestay.com or telephoning 01624 640393.
