Find the right New York, NY business asset you are looking for on BizBuySell. Browse 42 small and large business assets in New York, NY today!The city could impose its corporate tax on the gain on the sale of a partnership interest in a partnership that did business in New York City. Both the buyer and seller must complete IRS Form 8594 during the sale to report the sale and purchase of business assets. What Is the Capital Gains Tax? Capital gains tax is imposed on the profit made from the sale of a capital asset, such as commercial property.