Sales tax on sale of real property with personal property included - Spidell

Sales tax on sale of real property with personal property included

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Message Board Sales tax on sale of real property with personal property included

  • This topic has 1 reply, 2 voices, and was last updated 8 months ago by Lynn Freer.
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    • #191221
      Alex Flocas
      Participant

      What should a buyer and seller take into account regarding sales tax, or any other issues, if they allocate personal property to the sale price of real estate

    • #191369
      Lynn Freer
      Participant

      Under the occasional sale rules, if this is the only transaction for the seller there should be no sales tax due. However, if the property is a boat or vehicle, sales tax would be due at the time the title changes. For prop. 13 purposes, you should value the property and list it in the sale document.

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