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A general orientation, not tax advice. Your specific regime and rates depend on your situation and can change, so check them with an accountant or the tax service before deciding.
Individual or sole trader: what the choice depends on
- The number of properties let: one or two under your own name versus a portfolio of several are usually treated differently.
- The regularity and nature of the income: a one-off flat rental and systematic short-term letting as a business have different tax profiles.
- Plans to scale: if letting property becomes your main activity, sole-trader status often simplifies bookkeeping and dealing with counterparties.
What's worth clarifying with an accountant in advance
The current rates and preferential regimes for individual landlords, registration requirements for sole-trader status for the specific activity, and how registering that status interacts with income you already have. A general overview of property taxes is in Property and rental taxes in Georgia.
What this has to do with construction
A legal build with a contract, estimate and sign-off certificates simplifies both the property's tax accounting and its later sale. Documents for the house or renovation matter to an accountant just as much as to a bank at a potential sale. We build and renovate rental properties with a full document set at handover.
Preparing a property for letting and want to discuss the construction side? Describe the job and handle the tax side with your accountant in parallel.
Need an estimate for your project?
Send a request — we will prepare an estimate and answer your questions.
