7,3,6,4. Reduction for housing rentals

In the case of leasing real estate for residential purposes, the positive net income calculated in accordance with the provisions of the preceding sections shall be reduced by 60%.

The reduction is also applicable when the tenant is a legal entity and it is proven that the property is intended for housing for certain natural persons.

The 60 percent reduction is not applicable to tourist rentals since their purpose is not to satisfy a permanent housing need but rather to cover a temporary need.