Supreme Tax Court defines tax principles for rental of holid ...
In a most recent decision, the Supreme Tax Court held that a residential apartment that is rented exclusively to tourist guests and is kept available for this purpose during the rest of the year is generally to be recognized for tax purposes. It can generally be assumed that the taxpayer intends to generate a surplus income if the rental period does not fall significantly (i.e., by at least 25%) below the usual local rental period for residential apartments.
Kategorien: Supreme Tax Court cases
Schlagwörter: rental, Holiday accomodation