What do Flatio's rental regulations focus on? How does the taxing work and what are the laws? Find out the basics in this article.
Are Flatio rentals regulated?
The article was updated on 22. 4. 2020.
They are in the sense that you must pay taxes on the rents you receive.
Each country has different rules for taxing rental properties. For example, in the Czech Republic, if you make a living by renting properties, i.e. you rent it out on the basis of a trade license with the intention of making a profit (you're an entrepreneur), it's considered income from a trade and is taxed under Section 7 of Act No. 586/1992 on Income Tax (as amended).
And if you rent out a property in the Czech Republic on a long-term basis, the rented property isn't business asset, but income from it is considered rental income and is taxed under Section 9 of the above-mentioned Act -- the vast majority of Flatio rentals fall into this category.
You can read about the tax situations in detail here.
