Short-Term Rental Tax Return 2008 Form
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5INSTRUCTIONS
1. Use this form to report short-term rental property (also known as daily rental property) owned
by you. You must report all other business tangible personal property on the RETURN OF BUSINESS
PERSONAL PROPERTY, MACHINERY & TOOLS by May 1 of each year. A return form will be sent to
you.
2. DAILY RENTAL TAX CALCULATION:
a. Enter the total gross rental receipts on line 1. Include all charges, penalties and interest.
b. Enter the total gross rental receipts from items that are rented for a period of 92 consecutive days
or less on line 2.
c. Exemptions must be itemized. Enter any claimed exemptions as follows:
Line 3a:
Rentals by the Commonwealth of Virginia, any political subdivision of the
Commonwealth of Virginia, or the United States;
Line 3b:
Rentals exempt from the Virginia Sales and Use Tax pursuant to Chapter 6 of Title
58.1 of the Code of Virginia;
Line 3c:
Rentals of durable medical equipment as defined by subdivision 22 of Section 58-1-
608 of the Code of Virginia.
All exemptions listed must be fully documented or they will be disallowed.
d. Subtract lines 3a, 3b, and 3c from line 1. Enter this amount on line 4.
e. Multiply line 4 by one percent. This is the rental tax. Enter this amount on line 5.
3. Remit tax by April 20, July 20, October 20, and January 20. Make your check or money order
payable to the Treasurer, Arlington County.
FOR THE APRIL 20 FILING YOU MUST LIST ALL RENTAL PROPERTY WHICH IS EXEMPTED FROM
THE BUSINESS TANGIBLE TAX BELOW. YOU MUST ATTACH AN ITEMIZED LIST OF THE RENTAL
PROPERTY YOU OWN AND A COPY OF YOUR MOST RECENT FEDERAL DEPRECIATION
SCHEDULE. LIST OTHER PROPERTY WHICH YOU OWN ON THE RETURN OF BUSINESS
PERSONAL PROPERTY, MACHINERY & TOOLS WHICH WILL BE MAILED TO YOU.
YEAR
COST OF PROPERTY OWNED AS
OFFICE USE ONLY
ACQUIRED
OF JANUARY 1, 2008
DEPRECIATION
ASSESSED VALUE
Prior to 2002
20%
2002
30%
2003
40%
2004
50%
2005
60%
2006
70%
2007
80%
ASSESSED
VALUE
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