SitePoint Sponsor

User Tag List

Results 1 to 7 of 7

Thread: site sale tax?

  1. #1
    SitePoint Zealot
    Join Date
    Oct 2004
    Location
    North America
    Posts
    173
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    site sale tax?

    are there taxes for selling websites?

  2. #2
    Life is short. Be happy today! silver trophybronze trophy Sagewing's Avatar
    Join Date
    Apr 2003
    Location
    Denver, Phang-Nga, Thailand
    Posts
    4,379
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    On the reveneue or income that the sale brings, sure.
    The fewer our wants, the nearer we resemble the gods. Socrates

    SAGEWING LLC - QUALITY WEB AND MOBILE APPS. PREMIUM OUTSOURCING SERVICES.
    Twitter | LinkedIn | Facebook | Google+

  3. #3
    SitePoint Zealot
    Join Date
    Oct 2004
    Location
    North America
    Posts
    173
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    no I mean if you sold a site, fo x amount of money would I pay tax for selling?

  4. #4
    Life is short. Be happy today! silver trophybronze trophy Sagewing's Avatar
    Join Date
    Apr 2003
    Location
    Denver, Phang-Nga, Thailand
    Posts
    4,379
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    If you earn money for any reason, that income can be taxable as income tax.
    The fewer our wants, the nearer we resemble the gods. Socrates

    SAGEWING LLC - QUALITY WEB AND MOBILE APPS. PREMIUM OUTSOURCING SERVICES.
    Twitter | LinkedIn | Facebook | Google+

  5. #5
    busy Steelsun's Avatar
    Join Date
    Mar 2001
    Location
    Houston, Tejas; Future Capital of the World
    Posts
    2,474
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Sales tax is possible depending on your state.
    I.e. In Texas, the sale of a website as a product is sales taxable.
    The sale of a website as a business venture (i.e. selling your business) would be subject to capital gains taxes, etc, but it should be structured as a business sale, or else it would be considered a product.

    Consult a local accountant or attorney for the rules in your jurisdiction.
    Brian Poirier
    SunStockPhoto: Stock Photos, Fine Art Photos, Event Photography

  6. #6
    Non-Member demosfen's Avatar
    Join Date
    Nov 2003
    Location
    This is not a legal advice ---------->
    Posts
    623
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    What Steelsun said may apply if you and buyer are in the same state. Otherwise the answer is no

  7. #7
    SitePoint Wizard Lil_Red's Avatar
    Join Date
    Jul 2001
    Posts
    3,400
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by thebillionaire
    no I mean if you sold a site, fo x amount of money would I pay tax for selling?
    Yes, you would. Money received is taxable.


Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •