IEIM901520 | Immoveable Property Rental

For the purposes of the reporting rules, ‘immoveable property’ includes both residential and commercial property, as well as other fixed property such as parking spaces.

The term ‘rental’ includes both short term and long term rental of immoveable property. The term also applies irrespective of the rights held over the property by the Seller so it will include freehold, leasehold, rental, usufruct or other rights.

Some types of property rental may be excluded from the scope of the rules if the Seller is an Excluded Seller because they are an entity that provided more than 2000 rentals in respect of an immoveable property during a Reportable Period (see 901630).

The peer-to-peer rental of moveable property, except for a means of transport, is also not in scope.