Good News! Because NO payments are exchanged on Vacation Rentals Wildwood website between owner and guest, Vacation Rentals Wildwood is NOT required to collect and remit the Sales Tax, the State Occupancy Fee, or any other related applicable tax, assessment, or fee on behalf of an owner!
"Vacation Rentals Wildwood is NOT an ‘online booking site’ we are an ‘advertising website’ that provides a platform for Owners and Realtors to market their listings to vacationers searching for vacation rentals in The Wildwoods”, says Duane Watlington, Founder Vacation Rentals Wildwood.
The defining factor, in determining if the taxes have to be paid to the state, is based on who issues the rental contract, collects the payments, and hands out the keys. NOT where you advertise your rental property! If you use an online site that requires you to take “online bookings” (like Homeaway, AirBnB, VRBO, Trip Advisor, etc.) than any rentals booked (solely consummated through the transient space marketplace) are subject to the tax.
While Vacation Rentals Wildwood is considered a “Transient Space Marketplace” because NO payment is made on their site between owner and renter, the transactions are not deemed to be “solely consummated through the transient space marketplace”. Therefore, Vacation Rentals Wildwood is not required to collect and remit Sales Tax, the State Occupancy Fee, or any other related applicable tax, assessment, or fee on behalf of an owner.
Under the current NJ Law, the ONLY way an owner can avoid charging his guests the tax, is if he engages a local Real Estate Broker to issue the rental contract, collect the payment, AND hand out the keys.
Vacation Rentals Wildwood is committed to providing the BEST online marketing channel for owners and vacationers to find each other. We have a growing list of Vacation Rentals and the BEST online platform for finding your next home to rent on in Wildwood!
For more on the fight to eliminate "The Shore Tax", visit www.NJShoreTax.com