The following guidance applies to completing a sales and use tax return (ST-3) on GTC for sales that occur on or after April 1, 2018. Business Personal Property assets must be reported on form PT-50P.The return is available on the forms and applications page or click here. Any corporation whose net business income is principally derived from the manufacture, production, sale, or lease of tangible personal property shall be taxed. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. Business Personal Property used or located in DeKalb County should be reported on a "PT50P. Are you a business owner in Georgia? Learn about the different taxes that could affect companies doing business in Georgia. Examples of intangible assets include: licenses, patents, wills and copyrights.