A residential short-term rental refers to any rental of a dwelling unit/bedroom as a residential accommodation for less than 30 consecutive days. Short term rentals are permitted in a homeowner’s primary residence however the property must be registered annually.
The owner must also obtain a business license from the city and pay 2% state and 3% local accommodations tax as well as 5% state sales tax.
Short-Term Rental Registration ($250 registration fee)
Short-term rental owners are required to obtain a business license from the City of Travelers Rest. To obtain a business license, a simple form is completed and a fee is calculated. Fees are calculated by using the gross receipts during a calendar year. Business licenses must be purchased each calendar year and are valid from May 1st, through April 30th.
Questions? Contact Renee Smouse, 864.834.8740
Accommodations and Sales Taxes
Short-term rental operators must collect state and local accommodations taxes as well as state sales taxes. Even if you hire a property manager, you as the property owner are ultimately responsible for collecting these taxes from renters and submitting them to the appropriate state and local agencies.
State Sales Tax
5% state sales tax must be submitted to the South Carolina Department of Revenue. For more information please visit scdor.gov
State Accommodations Tax
2% accommodations tax must be submitted to the South Carolina Department of Revenue. For more information please visit scdor.gov
Local Accommodations Tax
3% local accommodations tax must be submitted to the City of Travelers Rest monthly. Local Accommodations Tax form.
State Sales Tax: 5.0% Remitted to State
State Accommodations Tax: 2.0% Remitted to State
Local Accommodations Tax: 3.0% Remitted to City of Travelers Rest
Total Taxes on Accommodations 10.0%
See the ordinance HERE.