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HOW TO LEGALLY RENT OUT MY HOME FOR VACATION?

5th July 2023
HOW TO LEGALLY RENT OUT MY HOME FOR VACATION?

Renting your home during the vacation period can be a good way to earn extra income. However, it is important to do so legally to avoid fines. Here are 6 tips for legally renting your home during vacations:

  1. Define the leasing regime: Decide whether you will rent your property as a second home or as tourist accommodation.
  2. Familiarize yourself with the current legislation and regulations in your autonomous region. Some regions have specific rules for tourist rentals.
  3. Meet the basic requirements that apply everywhere, such as having a certificate of habitability, fully furnishing the property, and providing an emergency contact phone number.
  4. Register your property with the Register of Tourist Accommodations if you plan to rent it as tourist accommodation. This is not necessary for second home rentals.
  5. Be aware of any restrictions, such as maximum rental periods and prohibitions on renting rooms in certain properties.
  6. Declare your earnings in your tax return. Individuals should include the earnings in their income tax return (IRPF), while professionals should declare the value-added tax (IVA). Also, consider local taxes, such as tourist taxes.

Remember that illegally renting can result in significant fines and future prohibitions on renting for this purpose.

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