Section 22.28 of the Texas. Under Business Personal Property Forms, select Personal Property Rendition.How do I fill out the rendition form? Invitation for Ofer (RFO). Used for purchases that are declared exempt from competitive procurement laws, such as emergency goods or services, as well as. A taxable asset purchase allows the buyer to "step up," or increase, the tax basis of the acquired assets to reflect the purchase price. Sales information must be verified and property characteristic data contemporaneous with the date of sale is captured in the sale record. The election provides for no GST (or HST in the HST provinces) to be payable in respect of the purchase and sale of the assets and reduces the cash. KOHL'S shall establish a separate tax account for the Real and Personal Property.