Second Homes

Old Jan 25th 2007, 1:10 am
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Default Second Homes

As an investment, rented out for holiday rentals, does anyone have a handle on the tax situation? Is is just taxed as income, and the property itself taken into consideration for wealth tax?
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Old Jan 25th 2007, 1:23 am
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Default Re: Second Homes

The property has to be registered with the local tourist authority and the tax situation depends on whether you are resident or non-resident.
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Old Jan 25th 2007, 1:41 am
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Default Re: Second Homes

Originally Posted by Beachcomber
The property has to be registered with the local tourist authority and the tax situation depends on whether you are resident or non-resident.
Does registering cost anything?

Property would be owned 50% by resident and 50% by non resident
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