23 VAC Title 23 Agency 10 — Virginia Tax Regulations
23VAC10-210-670
Gift certificates
Official textlaw.lis.virginia.gov
The sale of a gift certificate is not taxable. When the owner of a gift certificate redeems it, in whole or in part, for tangible personal property, the transaction is a taxable sale. For example, if the owner of a gift certificate valued at $25 purchases a $15 pair of shoes, the tax on the $15 sale must be collected by the dealer and paid to the department. When the owner redeems the remaining $10 value of the certificate, the tax on the sale must be collected at that time by the dealer.
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Nearby sections (25 sections)
- 10-210-560 · Fabrication
- 10-210-570 · Fairs, flea markets, circuses, carnivals, etc
- 10-210-580 · (Repealed.)
- 10-210-590 · (Repealed.)
- 10-210-595 · (Repealed.)
- 10-210-600 · (Repealed.)
- 10-210-610 · Florists and nurserymen
- 10-210-620 · [Reserved]. (Reserved)
- 10-210-630 · Fuels for domestic consumption
- 10-210-640 · (Repealed.)
- 10-210-650 · (Repealed.)
- 10-210-660 · Gas, electricity and water
- 10-210-670 · Gift certificates
- 10-210-680 · Gifts purchased in Virginia
- 10-210-690 · Governments; sales to
- 10-210-691 · Governments; sales by
- 10-210-692 · Government areas; sales within
- 10-210-693 · Government contractors
- 10-210-694 · Diplomatic exemption
- 10-210-700 · Harvesting of forest products
- 10-210-710 · (Repealed.)
- 10-210-720 · (Repealed.)
- 10-210-730 · Hotels, motels, tourist camps, etc
- 10-210-740 · (Repealed.)
- 10-210-750 · Indians