Who Pays the Taxes on Consignment Sales? | Sapling
sapling.com
Who Pays the Taxes on Consignment Sales? | Sapling
A consignment shop sells merchandise owned by others on “sale or return” status. The seller does not relinquish ownership and pays a percentage of the value to the shop owner for completing the sale. The shop owner takes his percentage from the total the buyer pays.
Oct 11, 2016
Consignment Shopping Tips
Let’s explain it in terms we can all understand: consignment shopping! If I’m buying an LV on consignment, but I notice it has more issues than I originally thought, I’m not going to buy it - the same should apply for buying a house. The #homeinspection contingency gets you out of sticky situations, should you find the home you want to purchase has more issues that meet the eye! Stay tuned for parts 3 and 4, coming soon! #locallawyer #lawyer #lawfirm #realestate #dyk #contingency #louisvouitton
Let’s explain it in terms we can all understand: consignment shopping! If I’m buying an LV on consignment, but I notice it has more issues than I originally thought, I’m not going to buy it - the same should apply for buying a house. The #homeinspection contingency gets you out of sticky situations, should you find the home you want to purchase has more issues that meet the eye! Stay tuned for parts 3 and 4, coming soon! #locallawyer #lawyer #lawfirm #realestate #dyk #contingency #louisvouitton
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