Dream villas; the rents were paid under the counter

An estate agency rented holiday homes on the Lombard shore of Lake Maggiore without declaring the income from the commissions. And the owners also evaded taxes, hiding almost €2 million, over five years, from the tax authorities.

The Tax Police in Luino have just completed the operation “Lake house”, uncovering significant tax evasion by an estate agency that is specialised in tourist rentals of holiday homes on Lake Maggiore.

The checks started in July 2013, and concerned the years 2008 to 2013, inclusive, when the agency rented many homes for tourist purposes, for which it received a commission previously agreed with the owners.

The checks carried out made it possible to verify the undeclared income (commissions), which amounts to €300,000.

The checks carried out on the agency also highlighted the position of the owners of the houses (mainly foreigners), who should have declared the income they earned from the rents to the Italian tax authorities.

 

Thus, it was discovered that the owners had also not paid taxes on the rents received, which amount to approximately €2 million.