Taxman turns attention to hidden internet property rentals
Sunday, April 10, 2016
As income tax drive begins in Spain authorities put focus on income from home lets.
This is not the first time Spain’s taxman has gone after undeclared income from property rental. In 2012, it conducted checks on homes that had been declared as empty, with many showing high utility consumption.
Nearly half (49.03%) of all home rentals in Spain, some 1.3 million properties, are not declared to the tax authorities. Of these, the vast majority are rented out to third parties, while 367,059 are provided free or for a low rent to a relative.
But fraud is being committed, says the Tax Agency, with officials noting that in 2008 55% of rentals went undeclared.
Source: El Pais
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