Virginia Administrative Code
Title 23 - TAXATION
Agency 10 - DEPARTMENT OF TAXATION
Chapter 210 - RETAIL SALES AND USE TAX
Section 23VAC10-210-5070 - Trade-ins
Universal Citation: 3 VA Admin Code 10-210-5070
Current through Register Vol. 41, No. 3, September 23, 2024
Where used articles are taken in trade, or in a series of trades as a credit or partial payment on the sale of new or used articles, the tax must be paid on the net difference between the sales price of the new or used article and the credit for the used articles. Any trade-ins subsequently sold are subject to the tax.
Statutory Authority
§§ 58.1-203 and 58.1-602 of the Code of Virginia.
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