Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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395.0000 OCCASIONAL SALES—SALE OF A BUSINESS—BUSINESS REORGANIZATION—Regulation 1595

Annotation 395.2550

(l) SALES BETWEEN PARENT AND SUBSIDIARIES

395.2550 Transfers to Parent. The piecemeal transfers of assets over a period of three years in contemplation of the transfer of all of the assets of a subsidiary, to a parent, does not qualify as an occasional sale under section 6006.5. The fact that the parent has the authority to take possession of the assets does not support a conclusion that only one sale has taken place. 2/10/71.