This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
Personal Property For Business In Contra Costa
Category:
State:
Multi-State
County:
Contra Costa
Control #:
US-00167
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Business Personal Property includes all supplies, equipment and any fixtures used in the operation of a business. Exempt from reporting are business inventory, application software and licensed vehicles (except Special Equipment (SE) tagged and off-road vehicles).
In general, business personal property is all property owned, possessed, controlled, or leased by a business except real property and inventory items. Business personal property includes, but is not limited to: Machinery. Computers. Equipment (e.g. FAX machines, photocopiers)
Personal property includes: Machinery and equipment. Furniture. Stocks and Bonds: If personal property is sold by a bona fide resident of a relevant possession such as Puerto Rico, the gain (or loss) from the sale is treated as sourced with that possession.
Classifications Intangible. Tangible. Other distinctions.
2026 REQUEST FOR VALUE REVIEW (PROP 8) California State Revenue and Taxation Code, Section 51 authorizes the Assessor to temporarily lower the assessed value of any real property when it is greater than the market value as of January 1, lien date.
Private property is owned by someone or something that is not the government. Individuals, corporations, and partnerships, for instance, can own private property. Private property can include real property like land or buildings, and personal property, such as automobiles, furniture, and computers.
In general, business personal property is all property owned, possessed, controlled, or leased by a business except real property and inventory items. Business personal property includes, but is not limited to: Machinery. Computers. Equipment (e.g. FAX machines, photocopiers)
You can rent property to your business when you own real estate or personal property that your business can use. If you own a C corporation and want to take advantages of certain tax benefits, then the transaction should be treated as an arm's length transaction and should have a valid business purpose.
5 steps to fill out a business personal property rendition quickly and accurately Review your property tax accounts. Take stock of your assets. Select the appropriate business personal property rendition forms. Prepare the personal property renditions. File your business personal property rendition packages.
