VATupdate
Ohio

Share this post on

Ohio: Resale Exemption Does Not Apply to Property Substantially Enhanced After Original Purchase

In another case involving a business that purchased automobiles and substantially enhanced them before reselling them, the Ohio Board of Tax Appeals held that the business owed Ohio use tax on the purchases and that Ohio’s resale exemption did not apply because the automobiles were fundamentally and substantially altered before resale.

Source Deloitte

Sponsors:

VAT news
VAT news

Advertisements: