23 Va. Admin. Code § 10-210-5070

Current through Register Vol. 41, No. 2, September 9, 2024

Section 23VAC10-210-5070 - Trade-ins

Where used articles are taken in trade, or in a series of trades as a credit or partial payment on the sale of new or used articles, the tax must be paid on the net difference between the sales price of the new or used article and the credit for the used articles. Any trade-ins subsequently sold are subject to the tax.

23 Va. Admin. Code § 10-210-5070

Derived from VR630-10-104, revised January 1, 1979; January 1, 1985; amended, eff. July 1, 1993.

Statutory Authority

§§ 58.1-203 and 58.1-602 of the Code of Virginia.