texashuntingforum.com logo
Main Menu
Advertisement
Affiliates
Advertisement
Newest Members
TraeMartin, Beatixre, MooseSteed, Trappernewt, casyoo
71987 Registered Users
Top Posters(All Time)
dogcatcher 110,788
bill oxner 91,416
SnakeWrangler 65,413
stxranchman 60,296
Gravytrain 46,950
RKHarm24 44,585
rifleman 44,461
Stub 43,764
Forum Statistics
Forums46
Topics536,986
Posts9,719,148
Members86,987
Most Online25,604
Feb 12th, 2024
Print Thread
Trade question for retail dealer. #6222629 03/14/16 06:35 AM
Joined: Jan 2012
Posts: 9,273
B
blackcoal Offline OP
THF Trophy Hunter
OP Offline
THF Trophy Hunter
B
Joined: Jan 2012
Posts: 9,273
If I as an individual trade a gun valued at $1000 for a gun valued at $1000 from a retail gun dealer is there any sales tax due? What if I as an individual trade a $1000 gun for an trailer valued at $1400 from a retail dealer, is the tax based on the $400 difference or the $1400 value of the trailer?


The Greatest Enemy of knowledge is not ignorance,
it is the illusion of knowledge.--Stephen Hawking
Re: Trade question for retail dealer. [Re: blackcoal] #6222635 03/14/16 09:12 AM
Joined: Nov 2011
Posts: 4,538
P
patriot07 Online Content
Extreme Tracker
Online Content
Extreme Tracker
P
Joined: Nov 2011
Posts: 4,538
No sales tax if no money is transferred ($1000 gun for $1000 gun).

In your 2nd example, tax would be paid on the $400 difference.

Re: Trade question for retail dealer. [Re: blackcoal] #6222643 03/14/16 10:18 AM
Joined: Dec 2013
Posts: 6,779
GasGuzzler Offline
THF Trophy Hunter
Offline
THF Trophy Hunter
Joined: Dec 2013
Posts: 6,779
Yep, just like a car purchase (except for the rate). Tax paid on money transferred.


Pass the gravy.


Re: Trade question for retail dealer. [Re: blackcoal] #6225869 03/16/16 10:52 PM
Joined: Jan 2011
Posts: 2,394
B
booradley Offline
Veteran Tracker
Offline
Veteran Tracker
B
Joined: Jan 2011
Posts: 2,394
Correct


Don’t roll those bloodshot eyes at me.
Previous Thread
Index
Next Thread

© 2004-2024 OUTDOOR SITES NETWORK all rights reserved USA and Worldwide
Powered by UBB.threads™ PHP Forum Software 7.7.3