For those of you in Panama City Beach, Laguna Beach, Mexico Beach, Grand Lagoon, and elsewhere in Bay County, FL: The county commissioners just raised the tourist development tax from 3% to 4% for March 1-31 and 5% for after April 1. Combine this with the state of Florida tax of 6%, we are now [...]
The Herald Net has a short article on the main tax rules with regard to vacation rentals. Let me break down the categories of taxation: Renting out your vacation home less than 15 days a year Renting out your vacation home as much as possible while never using your vacation rental for personal use. Renting [...]