- Spanish government considering applying 21 percent VAT to vacation rentals
- Housing crisis in Spain with high rental prices and lack of availability
- Tourism apartments blamed for driving up prices and taking properties off the market for locals
- Holiday lets more profitable than long-term rentals in Spain
- Regulations introduced to reduce short-term lets, including stricter rules and potential bans in Barcelona
- Proposal to charge 21 percent VAT to landlords renting to tourists to make it less attractive
- Aim to transform tourist rentals into housing for permanent rental to alleviate housing shortage
- Landlords currently exempt from VAT if they do not provide hotel-like services
- Proposal to charge 21 percent VAT regardless of services provided to tourists
- Experts divided on whether this measure will help or just pass on costs to consumers.
Source: thelocal.es
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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