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Wednesday, August 26, 2015

Sales tax on short-term rentals? Maybe!

The ease of listing your home, vacation property or a room on Airbnb or similar web platform has turned a lot of individuals into landlords. We hear about these landlords being subject to local taxes such as the transient occupancy tax (hotel tax) and business license tax, but what about state and/or local sales tax? Also, might there be property tax owed on the personal property included in the rental?

In some jurisdictions, sales tax applies. So that is one more thing to check. (And don't forget that one of the first things to check is if the local jurisdiction even allows short-term rentals!)

I've got a post in SalesTaxSupport on this sales tax topic - here.

What do you think?

1 comment:

Sarah said...

This is a great question! With the rise of so many unique ways to rent out or share your home, there are definitely tax implications, and I think most people will have their head in the sand about it.