Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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The entertainment at LSL and Brownwood is partially funded by tourist tax dollars.....think about it.
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........American by birth....Union by choice |
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#17
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Think about what?
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#18
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Sumter county has a , umm, "tourist tax" ?
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#19
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![]() Quote:
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Greg A pessimist is an optimist with experience. "In my many years I have come to a conclusion that one useless man is a shame, two is a law firm and three or more is a congress." - John Adams |
#20
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That is the tax on short term rentals. Do you want to give up part of the entertainment at 2 squares so someone can dodge the tax on rentals ?
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........American by birth....Union by choice |
#21
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I have found, over the years, that a lot of people in the Villages do not pay the County (Sumter, Lake & Marion Counties which all have the tax) and State tourist tax on rentals. It amazes me that most people are very honest and would not think of not paying the Federal income taxes, but will totally ignore the law when it comes to paying the tourist tax, thinking that they can just get away with it. The tax is due on any rental that is rented for less than 6 months...just like you pay a tax when you stay in a motel/hotel. If your house is rented more than 6 months to the same person, than it is a long term rental and no tax is due. The State tax is 5% and each county has it own tax rate...Lake County is 6%. You must also get a business license from the County and a Resale Certificate for Sales tax from the State. And, you need to file monthly, whether it is rented or not.
I have heard that some people have been caught not paying the tax and have had huge fines levied on them...so they must have a way of finding out, if you don't pay it. |
#22
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Just as a point of added information.
It is my understanding.... IF you rent out a home and the lease does not state that the term of lease is for more than 6 months..... ..........................you MUST pay the tourist tax for the First 6 months. This applies even if you have a Month to Month lease and the people intend to stay over 6 months. To not be liable for the tourist tax........... .......There must be a Date Certain on the Lease that clearly states an end date that is for a "minimum" of six months and 1 day. |
#23
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Correct
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#24
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I appreciate all the information provided. It's our duty to pay the tax and it was important to us to find out the proper procedure. We now have the forms, percentage rate, and instructions to file correctly. Thank you to those that sent us in the right direction.
I also hope those that rent their property will do the right thing and pay the tax. I agree with other posts that none of us would ignore our Federal Tax. I have to wonder why someone would skip out on the local tax when you can personally see how it benefits those that are your neighbors. |
#25
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Amen
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Closed Thread |
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