Spain’s Leftist Alliance Proposes Tax Hikes on Tourist Apartments to Boost Long-Term Rentals.

• Leftist alliance Sumar in Spain has proposed tax rises for tourist apartments
• Aim is to reduce profitability of AirBnB style lets and encourage longer-term contracts for tenants
• Proposed tax increase would subject rentals to full VAT rate of 21%
• Currently, rentals are exempt from VAT unless they offer services similar to hospitality sector.

Source: theolivepress.es

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