Quote:
Originally Posted by Two Bills
Florida Department of Revenue, Sales and Use Tax on Rental of Living or Sleeping Accommodations, Page 1
What is Taxable?
Florida’s 6% state sales tax, plus any applicable discretionary sales surtax, applies to rental charges or
room rates paid for the right to use or occupy living quarters or sleeping or housekeeping
accommodations for rental periods six months or less, often called “transient rental accommodations”
or “transient rentals.” Some examples are hotel and motel rooms, condominium units, timeshare resort
units, single-family homes, apartments or units in multiple unit structures, mobile homes, beach or
vacation houses, campground sites, and trailer or RV parks. No services provided.
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My apologies, you are correct I read about the tax when we first starting slumlording, and so my response was an incorrect memory about reading the state and local taxes, and the property manager had sent in the payment, so I not writing the check , did not have a good memory recall. Or I read the wrong analysis about the hotel tax, which specifically exempted when not providing hotel services. . .
Sumter county had suspended their 2% tourist tax last year, due to the virus, but I have not followed up whether that is also re-instated. These taxes are like VISA transaction "tax" of 4% which is charged to the renter to cover the expense for the return on investment calculation.
Again, you are correct, and my memory was incorrect.
sportsguy