Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How does common ownership apply to tangible personal property and sales and use tax?

April 26, 2017common ownership Property sales Tangible tax

0

Posted

How does common ownership apply to tangible personal property and sales and use tax?

1 Answer

0

0 Posted

A. When an owner owns one or more companies and leases tangible personal property to a commonly owned company, Georgia sales tax is not due on the leased item if the company making the lease of the tangible personal property paid sales tax on the item at the time of purchase.