This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.
Sale Of Business Asset With Personal Use In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00418
Format:
Word;
Rich Text
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The Arizona Department of Revenue (Department or ADOR) administers the property tax system in cooperation with the 15 county assessors, among others. Remember also that the value you place on the business asset is what the depreciation will be based on.Generally, gain from the sale or exchange of a capital asset held for personal use is a capital gain. According to the​ Schedule D instructions: The Arizona transaction privilege tax (TPT) is actually a tax on a vendor for the privilege of doing business in the state.