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Is there tax on furnished apartments?

apartments furnished tax
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Is there tax on furnished apartments?

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Sales tax is applicable to rentals of six days or less. For rentals of seven days or more sales tax is waived. • SALES TAX: • For stays of 1-6 nights, there is an 8.375% tax rate on the rent • For stays of 7 nights or longer, the NYC tax rate of 8.375% does not apply • HROT Hotel Room Occupancy Tax: • Regardless of the length of stay, there is 5% HROT tax on the rent • DAILY ROOM SURCHARGE (DRS): • $2 PER ROOM PER DAY • Studio is 1 room: $2/per day • 1 Bedroom is 3 rooms: $6/per day • 2 Bedroom is 4 rooms: $8/per day • 3 Bedroom is 5 rooms: $10/per day • The DRS is added after the taxes are calculated. It is not a taxable surcharge.

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Sales tax is applicable to rentals of six days or less. For rentals of seven days or more sales tax is waived.

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Answer . Stays are subject to applicable state and city taxes. For rentals in New York, there is a city tax of 5% of the nightly rate, plus $2.00 per room per night. Stays that exceed 179 nights will qualify for tax exemption.

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