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Renting out a holiday home

Renting out a holiday home

Old Feb 6th 2019, 5:06 am
  #16  
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Default Re: Renting out a holiday home

Originally Posted by frigilianafreddy
I used to reckon on netting 40% to 50% after all expenses laundry and advertising. One thing to mention is you (or your agent) have to complete a tax return in each of your names every quarter - not once a year as in the UK. We did it with no problems ourselves but some have been overcharged for this service by rip off accountants.

Are you sure about that? Not if you aren't autonomo surely?

I don't (I'm resident). I declare my income once a year.
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Old Feb 6th 2019, 6:48 am
  #17  
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Default Re: Renting out a holiday home

Originally Posted by snikpoh
Are you sure about that? Not if you aren't autonomo surely?

I don't (I'm resident). I declare my income once a year.
For non-residents, you have to fill out Form 210 once per year if you do not have income. But if you do have income, you fill it out for each quarter that you have income.

- Eric S.
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