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Management of short-term rental statements

Short-term rental through a platform (airbnb, booking etc) can generate additional income for households and increase the commercial value of privately owned properties.

However, the management of tax and accounting
obligations associated with short-term rentals can be time-consuming and complicated.

When is a property lease considered short-term?

In the context of the sharing economy, the definition of short-term property rental differs from
traditional long lease. One of the key features of a short-term rental is the length of time. Short-term rental refers to rentals made through digital platforms for a specific period of time, which does not exceed 90 days.

How is short-term rental income taxed?

Income from short-term rental properties for individuals with up to 2 properties is taxed as income from real estate:

Up to 12,000 euros: Taxed at a rate of 15%.

From 12,001 euros to 35,000 euros: Taxed at a rate of 35%.

From 35,001 euros and above: Taxed at a rate of 45%.

Attention, taxable income is considered the amount before the platform deducts its commission.

Recently, additional obligations to pay the climate change resilience fee and the migrant fee have been added.

If we operate from three or more properties, then there is an obligation to start an activity and charge VAT.

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