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Business Taxes Law Guide—Revision 2024

BTLG Table of Contents > Sales and Use Tax Annotations > T > 540.0000 Tangible and Intangible Property > Annotation 540.0280

Sales and Use Tax Annotations


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T

540.0000 Tangible and Intangible Property

Annotation 540.0280

540.0280 Fractional Interest, Tangible Personal Property—Transfer of. When tenants in common transfer an interest in tangible personal property to another party, a sale of tangible personal property results, taxable measured by the price paid for the interest purchased. 9/16/66.