South Carolina – Notification Requirement for Agents and Brokers of Rental Properties

SALT Report 1229 – The South Carolina Department of Revenue has issued a sales and use tax notice to remind real estate agents, brokers, and listing services that a 7% state sales tax will be imposed on the gross proceeds from the rentals or charges for sleeping accommodations.

However, the sales tax on accommodations does not apply to (1) the lease or rental of accommodations supplied to the same person for a period of 90 or more continuous days or (2) the lease or rental of accommodations at a facility having less than six sleeping rooms, on the same premises, which is used by the owner of the facilities.

The statute imposing the sales tax on accommodations requires real estate agents, listing services, brokers, or any such entity to notify the Department “if a rental property, previously listed by them, is dropped from their listings.

The notification should include the following information:

  • Name of the rental property’s owner
  • Address of the rental property’s owner
  • Address of the rental property, and
  • Date the rental property was dropped from the real estate agent, broker, or other service’s listings

The notifications can be sent twice a year—by July 31 for listings dropped from January through June, and by January 31 for listings dropped from July through December.

For Further Information:

South Carolina Department of Revenue – Information Letter 11-19