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

30 pointsby chollida17 months ago

4 comments

whack7 months ago
&gt; <i>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</i><p>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&#x27;s tax liability will jump from 0 to potentially hundreds of thousands, because of a tiny change in their renting behavior.
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gnabgib7 months ago
Fails to mention it&#x27;s GST or HST (depending on the province or territory of Canada), that this was found in March&#x2F;2024, and the sale that set this precedent was from 2008. The case: <a href="https:&#x2F;&#x2F;decision.tcc-cci.gc.ca&#x2F;tcc-cci&#x2F;decisions&#x2F;en&#x2F;item&#x2F;521236&#x2F;index.do" rel="nofollow">https:&#x2F;&#x2F;decision.tcc-cci.gc.ca&#x2F;tcc-cci&#x2F;decisions&#x2F;en&#x2F;item&#x2F;521...</a>
otterley7 months ago
In Canada.
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susiecambria7 months ago
<a href="https:&#x2F;&#x2F;archive.ph&#x2F;pVPKI" rel="nofollow">https:&#x2F;&#x2F;archive.ph&#x2F;pVPKI</a>