Posted by Jacque - WA on February 04, 2002 at 14:35:10:
Hi Steve,
Send me your addy for that packet - I lost it…
How is the deal working out in Pt. Orchard?
Jacque - WA
sales tax - Posted by Tom(WA)
Posted by Tom(WA) on February 03, 2002 at 22:13:44:
If you transfer the title to the MH to the buyer when you get the down payment and carry the contract, sales tax is due. Since this could be $500, $600, or more, is that a deal killer? Or do you not transfer title until paid in full?
Re: sales tax - Posted by Jacque - WA
Posted by Jacque - WA on February 04, 2002 at 14:29:58:
Hi Tom,
The state sales tax is paid by the buyer And you can only collect it in this state if you are a licensed dealer - otherwise they should go down and pay it themselves.
Jacque
Re: sales tax - Posted by Lonnie
Posted by Lonnie on February 04, 2002 at 08:50:12:
I assume you mean the state sales tax. That?s paid by your buyer at the time of sale, when title is transferred. I don?t hold open title, (and I don?t recommend you do, either) it?s changed into my buyers name at time of sale.)
The tax on your profit from the sale of the home is filed and paid when you file your yearly income taxes.
Hope this helps,
Lonnie
Re: sales tax - Posted by Steve W (WA)
Posted by Steve W (WA) on February 04, 2002 at 08:46:30:
In WA, I checked with my county treasurer:
1.78% excise tax is due, if the MH will not be moved; sales tax at the current rate (~ 8.5%(?)) if the MH will be moved. Also title transfer fee each way; I think $20.
What part of WA are you in? I am in Jacque’s neighborhood.