Miami real estate news and information

Residential Leases in Florida Are Taxable?

In Florida,  short term residential leases are taxable.  Residential leases (of condos, townhomes or single family homes)  of six months or less are  treated in much the same way as a resort or hotel stays are by the Florida Department of Revenue, requiring  a 7% sales tax be added to the lease amount.   Leases longer than 6 months are exempt from taxation.  In order to avoid the tax:   A  six month lease… with even a single day added to it …  will suffice for exemption.

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