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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 23. Taxation |
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Agency 10. Department of Taxation |
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Chapter 210. Retail Sales and Use Tax |
Section 5070. Trade-ins
Latest version.
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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.
Historical Notes
Derived from VR630-10-104, revised January 1, 1979; January 1, 1985; amended, eff. July 1, 1993.