The regulations say:
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.
So, if your platform facilitates the owners/tenants of immoveable property renting out that property to other users of the platform, for a ‘consideration’ (compensation in any form), then you are scope.
Immoveable property has a bigger range than you might think, all of the below and anything else that can’t be moved from its set location:
- Office spaces
- Hotel rooms
- B&Bs
- Holiday lets
- Houses/apartments
- Static Caravans/Campsites
- Stationary boats
- Parking spaces/garage spaces
- Storage units
