Legal Question in Real Estate Law in New York
selling furniture
If you sell your home and the buyer also wants to buy your
furniture as a seperate deal is there a sale tax? and who pays that
sales tax the buyer or the seller? Thank you.
Asked on 11/08/04, 6:02 pm
1 Answer from Attorneys
Phroska L. McAlister
PHROSKA LEAKE McALISTER
Re: selling furniture
Generally, sales tax is due on virtually everything that is sold and purchased in NY.
Even a flea market, yard or garage sale, purchase generates a sales tax which is "added" to the amount a purchaser must pay to the Seller, for the Seller to pay to the State.
But, you should Talk to your closing or real estate attorney, about providing you with a proposed closing statement; "concessions" or other info about your contract or incidentals, that you appear to require.
Good luck,
Phroska L. McAlister,ESQ
Answered on 11/09/04, 3:55 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
