Helping with cost of living idea

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24 Aug 2014 10:52 by dealerjm Star rating. 47 posts Send private message

 I'm non resident, but spend about 4 months a year at my Spanish villa. It's quite large and I'm thinking that whilst I'm in Spain, I could offer Bed&Breakfast to a family. It would help with my living expenses and give me a bit of company when I'm over there.

What would I need to know as regards tax on the income which I've speculated could be around 5000 Euros annually.

Thanks

 





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24 Aug 2014 12:36 by camposol Star rating in Camposol. 1408 posts Send private message

I don't know but i bet there's a lot more to it than you think, tax and bureaucracy wise!





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24 Aug 2014 13:20 by bobaol Star rating. 2256 posts Send private message

bobaol´s avatar

Depending on the area it could be a case of loads of inspections, fire and electricity certificates, safety certificates and so on.

In the Valencia region, you don't need to declare yourself self employed (if it's also your home) but you would need to pay full rate income tax on proceeds. You could also say goodbye to long lie-ins in the morning as you'd be up cooking the breakfasts and then doing the cleaning when the guests have gone out.

If you Google b&b Spain there are loads of sites with advice on the benefits and pitfalls. Most seem to suggest it is a full time job.

 





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