Finally! By Resolution no. 43 of April 23, the Internal Revenue Service established tax code 1847 (to be used with the F24 form to pay the tax in lieu of income tax) for those who engage in occasional chartering of their boat. It was the missing “piece” to the rental legislation, a process that began with Legislative Decree 171 of July 18, 2005 (converted with amendments by Law 98 of August 9, 2013).
HOW IT WORKS.
Those who occasionally rented their boat in 2013 (i.e., for no more than 42 days a year) will have to pay a 20% substitute tax. Previously there was a ceiling of 30,000 euros in revenues from this activity. It should be remembered that occasional rental does not by law give rise to a business activity and, therefore, does not benefit from the deductions provided in the latter case.
The rule regulates occasional chartering and favors both the owner of the boat who, in this way, can recoup some expenses, and chartering companies who, thanks to this legislative innovation, will be able to find by renting from individuals part of the units to use for their service without necessarily having to buy new ones.