In an asset sale, the seller may face double taxation. Intangible assets may be subject to capital gains tax.In an asset deal, the tax advantages to the buyer can be substantial. An asset sale is the sale of just the good stuff: the equipment, trademarks, and customer list, for example. In this series of posts, Middlesex Savings Bank will share tips to consider when planning and executing the sale of your business. An asset sale will likely result in a combination of gain taxed at both ordinary and capital gains rates, depending on the nature of the individual assets. The drawbacks for a seller mainly center around taxes. Use the free New Jersey Online Filing Service to file your 2024 NJ-1040 return. It's simple and easy to follow the instructions, complete your NJ tax return,.