All of my rentals are handled by a property management company. What are my Tourist Development Tax responsibilities?
If your property management company is collecting and remitting tax for all of your property’s rentals under their Tourist Development Tax ID number, you are not required to file your own returns (although you may still need to register with the Florida Department of Revenue). However, if you personally collect rental revenue or any other form of compensation from any of your guests, you must collect and remit the taxes for those stays. Also, please be aware that, under Florida law, property owners are ultimately responsible for sales taxes if a property manager defaults or fails to collect or remit the tax.
Related Questions
- A rental agent always handles my rental property. Do I need to apply for a Tourist Development Tax Account and submit monthly tax returns?
- All of my rentals are handled by a property management company. What are my Tourist Development Tax responsibilities?
- t responsibilities does the property management company have?
