At the basic level, rental and lease transactions are generally treated the same as sales transactions in most states. Sounds easy enough…
However, as with everything in sales tax, each state has its own rules and special situations to watch out for. Anyone who deals with rentals and leases – whether as the lessor or lessee – must understand the sales and use tax treatment of these transactions.
Several states have tax election options and exemptions for rental and lease transactions. Lessors and lessees must communicate and work together in these situations to understand the implications to business and to avoid negative tax consequences.
In this webinar, you’ll learn how to effectively manage sales and use tax for rental and lease transactions – no matter your role or the type of property you rent/lease.
Register here to join this event hosted by the Sales Tax Institute. and use code sov23websponsor for free access.