- Each income source is assessed separately for hobby classification.
- Managing a historic castle with high restoration costs and no foreseeable profit is considered a hobby for tax purposes.
- Short-term rental without serious intent is also classified as a hobby for tax purposes.
- Such activities are categorized as non-business for tax purposes.
Source: leitnerleitner.com
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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