Oltrepò Pavese, renowned for its enchanting hilly landscapes and rich wine and food tradition, is an increasingly popular tourist destination. Every year, tourists from all over the world choose this fascinating region for their holidays, attracted by its natural beauty, fine wines and authentic cultural experiences. Among the various accommodation options available, short breaks are gaining more and more popularity.
What are Short Leases?
Short-term rentals represent a valid solution for those wishing to stay in the Oltrepò Pavese area. This type of rental involves the possibility of renting a flat for a maximum period of 30 days. This formula is particularly appreciated by tourists and travellers who prefer the independence and comfort of a flat.
Regulations and Legal Aspects
Those wishing to rent flats for short rentals must pay attention to some important legislative aspects. Law No. 178/2020, known as the Budget Law 2021, has outlined the criteria for which the activity of short-term rental is considered to be carried out in the form of a business. According to this law, the activity of renting real estate for a duration of no more than 30 days, by whomever exercised, is presumed to be entrepreneurial within the meaning of Article 2082 of the Italian Civil Code if the number of flats to be rented out exceeds four units.
Implications of the Law
In practice, this means that if during the year the ‘fifth‘ flat is used for short-term letting, the activity is considered entrepreneurial from the beginning of the reporting period. This can lead to several critical issues, both from a tax and an accounting point of view:
1. For income purposes: it will be necessary to reconstruct the accounts and document all the expenses incurred, which can be complex and burdensome.
2. For VAT purposes: it will be necessary to take into account the fees received before opening the VAT number, with all the complications that this entails.
Short-term lettings represent an extraordinary opportunity for both tourists and property owners in the Oltrepò Pavese area. However, it is essential to be aware of the regulations in force and the tax implications in order to manage this activity efficiently and in compliance with the law. Proper planning and careful management can turn short rentals into an attractive source of income while offering visitors an unforgettable stay in one of Italy‘s most beautiful regions.
