Home » Posts tagged 'holiday lets'
Tag Archives: holiday lets
The penalty for letting furnished accommodations to tourists without a license (registration with your local Council) is as follows: for Individuals: €2,500 to €3,740.98 / for Companies: €25,000 to €44,891.22 The same fines also apply to the absence of an Energy Efficiency Certificate that is mandatory when conducting property related activities.
If you will be leaving your home unattended during the Holidays, you can request frequent inspection rounds by local police. You can sign up for this free security service at the nearest GNR or PSP police Station.
The Government is tying up some loose ends: Home owners who rent out their property to tourists, have to prove to the City Hall until December 28, 2014 that they registered their activity with the Tax Office, otherwise they risk losing the Local Lodging License (Alojamento Local). This way, the state wants to make sure it receives taxes from all businesses. Talk to us today, we'll assist you and make sure things are ok!