4 ms·
Doesn't work: 1. 6% house sales tax. 2. BAG registry contains all address registrations in incredible details. Public data. More available for a price.
by radicalbyte 10y ago
Doesn't work:
1. 6% house sales tax.
2. BAG registry contains all address registrations in incredible details. Public data. More available for a price.
- ikeboy 10y ago6% is insignificant compared to the 200% returns here. Anyway they could sell for a nominal amount maybe? I don't see why it being public would matter: the whole point is that this should be legal since the owner is only airbnbing it for 60 days.
- StavrosK 10y agoThat's 6% every two months, so you're going to be paying 36% of the value of the apartment every year. For an apartment that costs, say, half a million, that's 180,000 euros a year in taxes. I mean, if you're renting the flat for 15,000 euros a month (instead of the 1000 it would actually fetch), it might work.