“I’ve had a holiday, and I’d like to take it up professionally” so it’s rather cruel that my profession is far more concerned with the tax laws surrounding holiday homes than the actual holiday part. Moreover, there have been so many changes to the tax laws lately that any decent accountant should be gasping for a holiday by now.
So what are the tax changes that you, as a holiday home owner, need to know about if you rent out your bach, crib or pocket-sized palazzo? (more…)