If a taxpayer has a loss on personal use property or other property where a loss is not permitted, the transaction must still be reported. If you are thinking about purchasing a business from someone, you should be aware of Pennsylvania's Bulk Sale Law.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: A guide for businesses needing straightforward answers to Pennsylvania Sales and Use Tax questions and audit guidance. For example, books and records used to calculate basis for retirement plans, stocks, bonds, mutual funds, business assets, business interests, tuition account. Sheriff's Sale Court Order Updates. The Tax and Utility Bills Office bills and collects real estate, personal property, corporation, and public utility accounts for Allegany County.