Fairfax Virginia Bill of Sale of Restaurant Equipment

Name: Fairfax Virginia Bill of Sale of Restaurant Equipment
Brand: US Legal Forms
Rating: 4.79 (220 reviews)

Category:

Bills of Sale - Equipment

State:

Multi-State

County:

Fairfax

Control #:

US-01284BG

Format:

Instant download

Description

This form is a generic Bill of Sale of restaurant equipment. The description of items being sold can be modified as needed. No warranty is being made as to the condition of the equipment. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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How to fill out Fairfax Virginia Bill Of Sale Of Restaurant Equipment?

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FAQ

Tangible personal property is mainly a tax term which is used to describe personal property that can be felt or touched, and can be physically relocated. For example: cars, furniture, jewelry, household goods and appliances, business equipment.

Property other than real property, whose value stems from intangible elements rather than physical or tangible elements. Examples of intangible personal property include patents, copyrights, licenses, and royalties.

Please call VA DMV at 804.497. 7100 to provide a DMV agent with your ?Disposition Date? (the date your vehicle was sold, traded, junked or otherwise disposed of) as the Commissioner's records must match DMV records. We CANNOT remove the vehicle until you do this.

Exemptions from the SUT Tax If you are titling your vehicle in Virginia for the first time and you hold a valid title or registration in your name by another state or a branch of the United States Armed Forces, you will not have to pay the SUT.

Tangible personal property, as defined by state code, is all personal property not otherwise classified as intangible personal property, merchants' capital, or as short-term rental property (Code of Virginia, § 58.1-3500).

How to Permanently Surrender Plates. Drop off your plates at a customer service center. No appointment is necessary. You may be eligible for a refund on the cost of registration fees for this vehicle.

Virginia is a personal property tax state where owners of vehicles and leased vehicles are subject to an annual tax based on the value of the vehicle on January 1.

?Tangible personal property? exists physically (i.e., you can touch it) and can be used or consumed. Clothing, vehicles, jewelry, and business equipment are examples of tangible personal property.

All businesses with a physical location in Fairfax County?including home-based businesses?must have a business license called a Business, Professional and Occupational License (BPOL).

§ 58.1-3500. Such tangible personal property is hereby segregated for and made subject to local taxation only pursuant to Article X, § 4 of the Constitution of Virginia.