Tennessee Vacation Rental Tax

The short term rental less than 90 consecutive days for sales tax purposes of vacation lodging including a person s home is subject to sales tax.

Tennessee vacation rental tax.

The outbreak of covid 19 caused by the coronavirus may have impacted vacation rental tax filing due dates in tennessee. Our 2020 property listings offer a large selection of 8 273 vacation rentals around gatlinburg. Explore an array of tennessee us vacation rentals including cabins houses more bookable online. Tennessee code annotated title 67 chapter 4 part 7 is amended by adding the following language as a new section.

From 5 885 cabin rentals to 251 chalet rentals find a unique house rental for you to enjoy a memorable holiday or a weekend with your family and friends. Learn about the 14 day rule. The property owner or property management company if one is used must collect and remit sales tax on the sales price of the rental. For more information visit our ongoing coverage of the virus and its impact on sales tax compliance.

To learn more see a full list of taxable and tax exempt items in tennessee. How many vacation rentals are available around gatlinburg tn. A property management company shall owe business tax based on its gross proceeds from overnight rentals and gross proceeds from any other source subject to the business tax levied by this part. All of tennessee s major cities have established short term rental rules knoxville was the last to do so but nashville does not have an occupancy tax collection agreement with the company.

Tax laws are full of exceptions but the 14 day rule sometimes called the masters exception because of its popularity in georgia during the annual masters golf tournament is the most important for anyone considering renting out a vacation home. Get a tennessee cabin rental and enjoy the spectacular scenery in all its splendor or book a vacation home or apartment and live like a local in the home of country rock and blues. Choose from more than 10 000 properties ideal house rentals for families groups and couples. Under this rule you don t pay tax on income you earn from the short term rental as long as you.

While tennessee s sales tax generally applies to most transactions certain items have special treatment in many states when it comes to sales taxes. Please consult your local tax authority for specific details. Tennessee is a state for foodies outdoors enthusiasts music lovers sports fans and fun seekers alike. Rent a whole home for your next weekend or holiday.