As previously reported here, the Florida state sales tax rate on rentals, leases, or licenses to use real property is scheduled to decrease to 4.5% (from 5.5%) on December 1, 2023. The Florida Department of Revenue has issued Tax Information Publication No.: 23A01-20 to address the rate change. The Publication can be viewed here .
The tax on rentals, leases, or licenses to use real property generally applies to commercial office space, warehouses, and self-storage units. The rate reduction does not apply to storage of motor vehicles, boats, or aircraft.
The sales tax rate is based on when the occupant is entitled to occupy the property, not necessarily when the rent is paid.
If you have questions on Florida’s tax rate change or other SALT matters, please contact HBK’s SALT Advisory Group at hbksalt@hbkcpa.com.
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