If you are in the business of selling, leasing or renting taxable items, you do not qualify for the occasional sales exemption. In these situations, sellers must have a sales tax permit and collect sales tax, unless another exemption applies, such as sales by an exempt organization. Sales made by groups, such as student or church groups that collect items to sell at a garage sale, neighborhood flea market or miscellaneous secondhand articles typically sold to raise money for a charity or a special event, do not qualify for this type of occasional sales exemption it applies only to individuals. You buy, barter or trade taxable items to resell.You are engaged in business selling taxable items (including artists or craftsmen who make items for sale).You have, or are required to have, a Texas Sales and Use Tax Permit (or a similar permit from another state).You do not qualify for the occasional sales exemption if any of these conditions apply: You must get a sales tax permit and collect tax on all later sales of taxable items, beginning with the first sale after you reached the $3,000 limit. If, however, you sell more taxable items after you reach the $3,000 limit, and you made more than two sales, you are considered engaged in business, and the exemption does not apply.That makes more than two sales in a calendar year, but the total sales amount is $3,000 or less, and all the items were originally bought for your use or your family’s personal use, so the exemption still applies.
KERRVILLE ON LINE GARAGESALE TV
In December, you sell your TV to a friend for $500. In August, you sell your used bicycle to a neighbor for $200. Example – you sell housewares at a garage sale in May and make $1,000.You can sell as many items as you want to as long as your total sales are $3,000 or less during a calendar year. You sell in a calendar year (January-December) items originally bought for you or your family members for personal use, and you don’t make more than $3,000 on those sales during the calendar year.Selling the lawn mower is a third sale, so you must get a sales tax permit and collect and pay sales tax on the lawn mower. You later sell your used lawn mower for $100 before the end of that 12-month period. Example – you sell a piano for $400 and a bicycle for $200 at a garage sale in a 12-month period.You only sell one or two taxable items during any 12-month period (not just January-December) – the price of the items does not matter.You can qualify for an occasional sales exemption if you meet either of these requirements: If you qualify, you do not need a sales tax permit, and you do not collect tax on those sales. If you occasionally sell personal items, you may qualify for the "occasional sales" exemption. Examples include clothing, shoes, CDs, DVDs, books, furniture, bicycles, toys and other personal items typically sold at garage sales.ĭepending on how many sales you make a year or the dollar amount of those sales, the occasional sales exemption could apply. Texas sales tax is normally due when you sell tangible personal property. Homes for sale near me with 5 acres or more.If you have a garage sale or sell personal items through the internet or an advertisement, you may need to obtain a Texas Sales and Use Tax Permit and collect sales tax.