The Department responsible for the asset must complete a Capital and. Grant Asset form (Exhibit 8.1).Both an asset sale and a share sale are a purchase of the entire business, but there are legal differences between the two. In an asset purchase transaction, the acquirer selects the assets it is purchasing, as well as the liabilities it is assuming. Both the seller and purchaser of a group of assets that makes up a trade or business must use Form 8594 to report such a sale.