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<blockquote data-quote="jamaicabound" data-source="post: 199995" data-attributes="member: 6769">I've noticed the same thing. I was recently looking at some properties on Folly Beach in South Carolina just outside of Charleston and there's a bunch of fees and taxes tacked on by the city for rentals. If you live in the place while you rent I think you can skirt the taxes but on top of taxes they require a business license as well for you to have a rental...4) Sales and Accommodations TaxesThe rules for when you are required to collect sales an accommodation taxes are complicated and depend on whether your house is a primary (4%) or secondary (6%) residence and how many days of the year it is rented. There are several types of taxes that must be collected, and some are paid to the State of South Carolina and some to Charleston County. Please contact Lisa Stokes, (803) 898-5223, or Shannon Attaway, (803) 898-5037, with the State Department of Revenue with specific questions about which taxes you owe. Below are some basic guidelines for taxes, but we encourage you to contact the State or Charleston County about your specific property.If your home is your primary residence and it is taxed at a 4% property tax rate:&nbsp; &nbsp; You may rent your primary residence and continue to live in it during rentals (ie: having a roommate or boarder) without paying sales or accommodation taxes.&nbsp; &nbsp; You may rent your home without living in it for up to 15 days per year without charging accommodation tax or collecting state taxes. However, you must obtain a business license and complete a rental registration form with the City of Folly Beach.&nbsp; &nbsp; You may rent your home without living in it for up to 72 days per year and keep your 4% exemption, but you must collect all Sales and Accommodations Taxes, as outlined below for second residences. You must also obtain a business license and rental registration license. Failure to collect and pay the appropriate taxes will result in three years of retroactive penalties during the annual audit.If your home is a second residence or taxed at a 6% property tax rate:In addition to the business license, rental registration, and beach rules above, you must collect the following taxes. Even if you hire a property manager, you as the property owner are ultimately responsible for collecting these taxes from the renters and submitting them to the appropriate state and local agencies. You may itemize the taxes on rental bills as shown below. Failure to collect and pay the appropriate taxes will result in three years of retroactive penalties during the annual audit.State Sales Tax&nbsp; &nbsp;&nbsp; 5.0%&nbsp; &nbsp;&nbsp; Remitted to StateState Local Options Sales Tax&nbsp; &nbsp;&nbsp; 1.0%&nbsp; &nbsp;&nbsp; Remitted to StateState Accommodations Tax&nbsp; &nbsp;&nbsp; 2.0%&nbsp; &nbsp;&nbsp; Remitted to StateCounty Transportation Tax&nbsp; &nbsp;&nbsp; .5%&nbsp; &nbsp;&nbsp; Remitted to StateSchool District/ Education Tax&nbsp; &nbsp;&nbsp; 1.0%&nbsp; &nbsp;&nbsp; Remitted to StateCounty Accommodations Tax&nbsp; &nbsp;&nbsp; 2.0%&nbsp; &nbsp;&nbsp; Remitted to CountyFolly Beach Accommodations Tax&nbsp; &nbsp;&nbsp; 2.0%&nbsp; &nbsp;&nbsp; Remitted to CountyTotal Taxes on Accommodations&nbsp; &nbsp;&nbsp; 13.5%</blockquote>

[QUOTE="jamaicabound, post: 199995, member: 6769"] I've noticed the same thing. I was recently looking at some properties on Folly Beach in South Carolina just outside of Charleston and there's a bunch of fees and taxes tacked on by the city for rentals. If you live in the place while you rent I think you can skirt the taxes but on top of taxes they require a business license as well for you to have a rental... 4) Sales and Accommodations Taxes The rules for when you are required to collect sales an accommodation taxes are complicated and depend on whether your house is a primary (4%) or secondary (6%) residence and how many days of the year it is rented. There are several types of taxes that must be collected, and some are paid to the State of South Carolina and some to Charleston County. Please contact Lisa Stokes, (803) 898-5223, or Shannon Attaway, (803) 898-5037, with the State Department of Revenue with specific questions about which taxes you owe. Below are some basic guidelines for taxes, but we encourage you to contact the State or Charleston County about your specific property. If your home is your primary residence and it is taxed at a 4% property tax rate: You may rent your primary residence and continue to live in it during rentals (ie: having a roommate or boarder) without paying sales or accommodation taxes. You may rent your home without living in it for up to 15 days per year without charging accommodation tax or collecting state taxes. However, you must obtain a business license and complete a rental registration form with the City of Folly Beach. You may rent your home without living in it for up to 72 days per year and keep your 4% exemption, but you must collect all Sales and Accommodations Taxes, as outlined below for second residences. You must also obtain a business license and rental registration license. Failure to collect and pay the appropriate taxes will result in three years of retroactive penalties during the annual audit. If your home is a second residence or taxed at a 6% property tax rate: In addition to the business license, rental registration, and beach rules above, you must collect the following taxes. Even if you hire a property manager, you as the property owner are ultimately responsible for collecting these taxes from the renters and submitting them to the appropriate state and local agencies. You may itemize the taxes on rental bills as shown below. Failure to collect and pay the appropriate taxes will result in three years of retroactive penalties during the annual audit. State Sales Tax 5.0% Remitted to State State Local Options Sales Tax 1.0% Remitted to State State Accommodations Tax 2.0% Remitted to State County Transportation Tax .5% Remitted to State School District/ Education Tax 1.0% Remitted to State County Accommodations Tax 2.0% Remitted to County Folly Beach Accommodations Tax 2.0% Remitted to County Total Taxes on Accommodations 13.5% [/QUOTE]

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