I am planning to purchase a business in California. The transaction is only for the goodwill and no goods are purchased through this purchased.

Do I need to pay sales tax for purchasing a restaurant business?
We are not purchasing any equipments as it's included in the rent.

This is in California - Alameda county, Newark city

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I am planning to purchase a business in California. The transaction is only for the goodwill and no goods are purchased through this purchased.

Seek professional assistance in CA for that answer ... this forum only handles income tax issues.

I am planning to purchase a business in California. The transaction is only for the goodwill and no goods are purchased through this purchased.

https://www.boe.ca.gov/pdf/pub53b.pdf

Goodwill is not subject to sales tax.

♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

I am planning to purchase a business in California. The transaction is only for the goodwill and no goods are purchased through this purchased.

Thanks for the prompt response

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