Virginia Tax requires businesses to file and pay most sales taxes electronically - we offer 3 free options to meet this requirement. To report a change in ownership of an existing business, the current owner must close the business, and the new owner must register as a new business.You can pay your business tangible property taxes on your furniture, equipment, computers, machinery, tools, and business vehicles on the online payment portal. The amount of tax that you will ultimately have to pay depends upon whether the money you make from the sale is taxed as ordinary income or capital gains. Several areas have an additional regional or local tax as outlined below. There is no Virginia transfer tax on sales of stock or securities. Include a detailed asset list with the annual filing, specifying the asset description, original cost, and purchase year. Select this option if this business has a Virginia account number and is adding tax types to that account.