Rental income: how is this taxed?
We notice that there is a lot of uncertainty about the rental income and how it is taxed. We understand this lack of clarity all too well. How you report this income to the tax authorities depends on the situation. With the help of this article, we hope that we can familiarize you with this.
Temporary rental of your own house
Are you leaving your main residence for a while? And are you going to rent out this house temporarily? In that case, you must declare 70% of the rental income as “income from temporary rental” in BOX 1.
Renting out part of your own house
Rental second home
You do NOT have to state the rental income of your second home. The reason for this is that a second home is taxed in BOX 3. The tax authorities charge a fixed return on this income.
Rental of a house for sale
When you put a house up for sale, but you still rent it out via the Leegstandwet, you do not have to state the income you receive at all. During the rental period, you must state the house in BOX 3. The mortgage interest will no longer be deducted.
We are happy to help!
Do you still have questions regarding the rental income after reading this article? Or do you have other tax-related questions? We are happy to help you! Feel free to contact us using the information below.