Costa del Sol
8,000 illegal property rentals on the Costa del Sol
By h.b. - Jan 15, 2007 - 8:15 AM
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Many property owners are thought to not be declaring their rental income
The Diario Sur newspaper reports this morning that the new anti-fraud investigations on the Costa del Sol, put into place by the Agencia Tributaria tax authority in 2005, has revealed that there are some 8,000 illegal holiday home rentals in the area.
It seems many property owners do not want to declare the income generated from rentals, but now the administration has promised to take each case discovered seriously in what is obviously an extensive black market.
More cases are now coming to light because of a change in the IRPF income tax forms which now oblige the owner to give their Catastral reference for their main residential home.