Main Menu
Advertisement
Affiliates
Advertisement
Newest Members
TXSportsman82, old badge, Marco808, Kbolander, Gutterboy's427Chevelle
63596 Registered Users
Top Posters
dogcatcher 86992
stxranchman 52562
bill oxner 46125
RWH24 44568
rifleman 44356
BOBO the Clown 43465
BMD 40834
Big Orn 37484
txshntr 35148
SnakeWrangler 34885
facebook
Forum Stats
63596 Members
45 Forums
451038 Topics
6232414 Posts

Max Online: 16728 @ 03/25/12 08:51 AM
Topic Options
#6222629 - 03/14/16 01:35 AM Trade question for retail dealer.
blackcoal Offline
THF Trophy Hunter

Registered: 01/19/12
Posts: 9209
Loc: 60 Mi North of DFW
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

Top
#6222635 - 03/14/16 04:12 AM Re: Trade question for retail dealer. [Re: blackcoal]
patriot07 Online   content
Veteran Tracker

Registered: 11/06/11
Posts: 2371
Loc: Royse City, TX
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.

Top
#6222643 - 03/14/16 05:18 AM Re: Trade question for retail dealer. [Re: blackcoal]
GasGuzzler Offline
Veteran Tracker

Registered: 12/15/13
Posts: 2194
Loc: Cooke County, Texas
Yep, just like a car purchase (except for the rate). Tax paid on money transferred.
_________________________
Pass the gravy.



Top
#6225869 - 03/16/16 05:52 PM Re: Trade question for retail dealer. [Re: blackcoal]
booradley Offline
Veteran Tracker

Registered: 01/20/11
Posts: 2130
Loc: Justin, TX
Correct
_________________________
Championship Breeder: Belgian Airheads and Appalachian Pisshounds
Denton Chapter President - Peter Tork Fan Club

Top



© 2004-2018 OUTDOOR SITES NETWORK all rights reserved USA and Worldwide