IEIM904230 - Rental of Immoveable Property

In addition to the information at 904210, where the relevant activity involves the rental of immoveable property, the Reporting Platform Operator (RPO) must also report the address of each property listing, and where available the number of days each property listing was rented out during the Reportable Period, as well as the type of property listing (e.g. hotel, apartment, parking space etc.). In addition, where a ‘land registration number’ or equivalent is available to the RPO this should also be reported.

The RPO should report information on the Seller who is registered on their Platform. This may not always be the legal owner of the property. Where multiple Sellers are registered on the Platform in respect of the same property, the RPO should report all of those Sellers.

Where the Sellers have separate accounts, and the bookings, and therefore the Consideration, can be attributed to each account, the RPO should report the Consideration attributable to each Seller on that basis. However, if there is a joint account, and the RPO cannot therefore determine the allocation of Consideration, the full amount of Consideration in relation to the property should be attributable to each Seller.

A ‘property listing’ includes all immovable property units that are located at the same street address and offered for rent on a Platform by the same Seller.  This means that multiple property units with the same street address are treated as a single property listing.

The rules require that the number of days each Property Listing was rented during the Reportable Period and the type of each Property Listing (e.g. hotel, apartment, parking space) is reported.

RPOs should report any fees, commissions or taxes withheld or charged by the RPO by quarter. For the rental of immovable property, these amounts are to be reported per Property Listing.