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Business Taxes Law Guide—Revision 2024
Sales and Use Tax Annotations
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395.0000 Occasional Sales—Sale of a Business—Business Reorganization—Regulation 1595
Annotation 395.0810
(d) Part Ownership, Sale of
395.0810 Partnership Reorganization. A partnership agreement contains a provision of the type described in Corporation Code section 15031(7) providing for continued existence of the partnership upon withdrawal of a member. Thus, in a situation where a partner withdrew from the partnership, the vehicles owned by the former partners may be registered in the new name of the continuing partnership without payment of tax. No change in ownership of the vehicles was occasioned by the withdrawal of the partner. The "person" who owns the vehicles, i.e., the copartnership, remains the same. 3/21/75.