How the FairTax pertains to rental property.
The consumption of residential housing services is taxable. In renter-occupied housing the tax is collected on a monthly basis and in owner-occupied housing, the tax is collected up front when the home is purchased for the first time.
The landlord is a seller of housing services. He/she must register with the state sales tax collection agency and file sales tax reports (probably quarterly for a person who owns…
Added by Marilyn Rickert on April 6, 2010 at 11:41am — 3 Comments
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