Yes. All property used in connection with your business or to produce income is taxable and must be reported, even if the items are expensed for accounting purposes or have a book value of zero.
Business personal property remains taxable until it is sold or otherwise disposed of. In general, the County will continue to assess the property for up to eight years, after which it is removed from the tax record unless you report that it was disposed of sooner.
Expensed equipment should be included on your business personal property listing and reported at its total cost in the correct year of acquisition on Schedule A84.
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