Beware of taxes if you sublet your apartment during the holiday season

Anyone who rents their apartment to vacationers via an Internet platform must state the income in their tax return.

What else you need to consider.

Anyone who

travels for several weeks or even months

in the

summer

and

sublet

their

apartment

in agreement with the landlord * should not only

think about

the

income

, but also about the

tax office

.

Because the

income from a rental in

principle belongs in the

income tax return

, quotes the German Press Agency (dpa) Isabel Klocke from the Association of Taxpayers.

They belong to the

tax form V

.

Renting during the holiday season: the free limit helps short-term renters

Only rental income up to the

limit of 520 euros per year

does not have to be declared in the tax return, according to the report.

The prerequisite, however, is that as the owner you only rent out your apartment temporarily or, as a tenant, only part of your apartment.

Also read:

You want money back from the tax office?

Then don't make this mistake.

What else do you need to know if your income is above this limit?

Then, according to the dpa, the amount does not only belong in the

tax form

, but the “surplus” must be determined in a second step.

Which means as much as

deducting the

expenses associated

with renting

the apartment

from the income.

According to the dpa, this also includes, for example, the rent that you pay for the rental period.

The result is the profit, so to speak.

Important:

collect

the

receipts

for such costs too

!

Especially those who have little total income may be below the

basic

tax allowance (which is 9,744 euros per year for 2021) and do not have to pay any income tax.

Subletting as a holiday home - do you need a permit from the city?

You should also know that subletting as a holiday apartment or holiday home is only possible in some cities after registration and approval, as the portal

anwaltauskunft.de

informs.

In this case, you should find out more about the local regulations.

“The details vary from city to city,” says the portal.

Subletting apartments to tourists is increasingly a thorn in the side of local authorities, especially in cities where living space is scarce.

“That is why more and more cities are enacting laws against such misappropriation.”

(Ahu) * Merkur.de is an offer from IPPEN.MEDIA.

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