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Commonwealth of Virginia Department of Taxation www.tax.virginia.gov/nonprofitRetail Sales and Use Tax Certificate of Exemption Research Triangle Institute 3040 Cornwallis Road Research Triangle Park,

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How to fill out purchase tangible personal property

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Identify the tangible personal property you want to purchase.

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Individuals looking to buy goods for personal use.

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What is purchase tangible personal property?

Purchase tangible personal property refers to physical goods that are bought and owned by individuals or businesses, which can be touched or moved, such as equipment, machinery, and retail inventory.

Who is required to file purchase tangible personal property?

Typically, individuals or businesses that own tangible personal property for business purposes, especially those subject to property tax, are required to file purchase tangible personal property.

How to fill out purchase tangible personal property?

To fill out the purchase tangible personal property form, you need to provide details about the property you own, including a description of the property, acquisition date, cost, and any exemptions you may qualify for.

What is the purpose of purchase tangible personal property?

The purpose of completing the purchase tangible personal property form is to report the ownership of such property for tax assessment and compliance with local tax laws.

What information must be reported on purchase tangible personal property?

Information that must be reported typically includes the type of property, its physical location, purchase date, cost or value, and any applicable exemptions or deductions.

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