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I own a vacation property that I rent on Airbnb. The property is rented for six months of the year during the spring and summer seasons, with bookings typically lasting two weeks or less. Do I have to pay HST when I sell the property?
Hi David,
Yes, you must pay HST on the sale price of short-term rental properties. A property is considered a short-term rental if the owner uses it for personal use less than 50% of the time during the rental season, and more than 90% of the bookings are for 60 days or less. This represents a significant expense and can reduce your overall profit from the sale.