Buying properties just for rent
David J
Answered
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A little bit off topic but a friend of mine in Ireland wants to buy some properties purely to rent out as holiday rentals. Effectively a business. He is however unsure about the tax situation. Although he will use the properties for 2 weeks of the year, he only wants to make money from them.
The question is, where should he pay tax on any income he makes for renting? I said I he had to pay tax on his earnings from the properties here in France but he seems to think he can add it to his Irish income.
Does he need to let the authorities know that he is running the villas as rental properties
Can this be clarified please?
David J