4 ms·

Homeowners who rent on Airbnb must pay 13% tax on property value when they sell

• susiecambria 2y ago
  https://archive.ph/pVPKI https://archive.ph/pVPKI
• otterley 2y ago
  In Canada.
  • AStonesThrow 2y ago
    https://xkcd.com/180/ https://xkcd.com/180/
  • 486sx33 2y ago
    [flagged]
• gnabgib 2y ago
  Fails to mention it's GST or HST (depending on the province or territory of Canada), that this was found in March/2024, and the sale that set this precedent was from 2008. The case: https://decision.tcc-cci.gc.ca/tcc-cci/decisions/en/item/521236/index.do https://decision.tcc-cci.gc.ca/tcc-cci/decisions/en/item/521...
• whack 2y ago
  > homeowners who have regularly rented out their property on Airbnb or other short-term rental sites will be subject to paying 13 per cent HST when putting the home up for sale How are they defining regularly? If someone rents out their home for one weekend every month, will they be liable for that 13% tax? Regardless of whatever threshold they choose, it seems weird that someone's tax liability will jump from 0 to potentially hundreds of thousands, because of a tiny change in their renting behavior.
  • killingtime74 2y ago
    The way to find out the answer is to ask the relevant tax office for a ruling. You can then use this to evaluate whether it's still worth doing this kind of business.