Any household goods and furnishings or personal effects held for sale or commercial use do not qualify for this exemption. (2) All personal property held for sale or lease in the normal course of business; and.The sale of personal goodwill, as an asset separate from corporateowned goodwill, should withstand challenge. Your inventory held for sale is exempt. Each county assessor has its own Listing form. Other software or forms do not meet all our requirements. The Qualified FamilyOwned Small Business Deduction may allow small business owners to avoid the 7 percent Washington capital gains tax. You must also see the exemption certificate before completing the sale. Rent you receive from real estate held for sale to customers is subject to SE tax. In Washington State, the listing of business personal property is a self-reporting system.