Rental of property owned by two persons

Rental of property owned by two persons

Question:
Hello!
My husband and I will be renting out a property through Booking and Airbnb. The property is owned by both of them, I am registered for VAT, and my husband is not. What is the situation with the insurance, as I am currently working on an employment contract, it is not insured. Should he be registered under Article 97a of the VAT. Are we both going to issue an invoice?
Thanks in advance!

Answer:
Hello,
In your case, once the property is owned by both of you, you have several options:
1. If you operate it as individuals, you will both have to register for VAT - art. 97a and to divide and declare the income from overnight stays in proportion to your ownership of the property. The issuing of invoices by individuals is not mandatory, but if they ask you to issue one, you can issue one, in which case both of you will have to issue an invoice.
2. Your husband can transfer his part of the property in your name and only you can operate it, respectively only you can declare the income from overnight stays (you already have VAT registration).
3. For your husband to rent out his part of the property to you and for you to operate it only, respectively only you to declare the income from overnight stays (you already have VAT registration). In this case, you should bear in mind that your husband will also have to declare income from the rent he will receive from you.
4. To register a company (in your name, in his name or a joint company), to rent the apartment to the company and to be operated by the company, respectively for it to declare the income from overnight stays and make a VAT return. In this case, you will have to bear in mind that you and your spouse will have to declare the rental income that you will receive from the company. On the other hand, this rent will be an expense of the company, which will reduce the realized profit and, accordingly, the tax due.
We hope we have been helpful!
Greetings!