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BTLG Table of Contents > Sales and Use Tax Annotations > B > 140.0000 Barter, Exchange, "Trade-ins" > Annotation 140.0080

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B

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140.0000 Barter, Exchange, "Trade-Ins"—Regulation 1654

Annotation 140.0080

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140.0080 Trade-In Value. Where the parties have not fixed a trade-in value on worn property and where the worn property has no scrap value and is junked at the time of trade-in, the worn property has no market value to be added to the selling price of the item upon which it was traded-in. 1/26/68.