Sales tax on shared business resources - Spidell

Sales tax on shared business resources

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Message Board Sales tax on shared business resources

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    • #199864
      Gerald Weiss
      Participant

      Client owns 5 daycare S corps and one Real Estate holding LLC(rents buildings to S corps).

      Client would like Real Estate LLC to purchase supplies and maybe vehicles for all S corps as there maybe economies of scale. If the LLC sells supplies and leases vehciles to  S corps , is there a sales tax exemption because of common ownership?

    • #200238
      Sandy Weiner
      Participant

      Not that I’m aware of. I believe it’s subject to sales tax.

    • #201016
      Gerald Weiss
      Participant

      Thanks, Sandy. The only related thing I could find was in the Blue Book under change of ownerhsip that applied only to a transfer of substantially all of a businesses assets.

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