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23 VAC Title 23 Agency 10 — Virginia Tax Regulations

23VAC10-500-190

Situs of a business renting tangible personal property

Official textlaw.lis.virginia.gov

The gross receipts of a business renting tangible personal property are attributed to the definite place of business where the property is rented, or if there is no definite rental place, then to the locality where the rental of the property is managed. For example:

A car rental agency located in County B, stores its cars in a lot in Town C. The car rental contract is signed in the main office in County B and then an employee drives the customer out to the lot to pick up the car. The situs of gross receipts is County B since that is the locality where the rental took place.

A business located in City A rents home electronics. Orders are placed by phone to the main warehouse in City A where the goods are then transported by truck to customers' homes in various localities. The rental contract is filled out by a customer at her home and given to the driver at which time the goods are released. Situs of gross receipts is City A. Although the place of rental is in a number of localities, the rental is managed in City A.

Last amended: Historical Notes Derived from Virginia Register Volume 24, Issue 23, eff. October 6, 2008.

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Nearby sections (25 sections)
  1. 10-500-70 · Exclusions from gross receipts
  2. 10-500-80 · Deductions from gross receipts
  3. 10-500-90 · Other exclusions and deductions from gross receipts
  4. 10-500-100 · Rates and fees
  5. 10-500-110 · Multiple businesses
  6. 10-500-120 · Multiple locations
  7. 10-500-130 · Employees and independent contractors
  8. 10-500-140 · NAICS Codes
  9. 10-500-150 · Situs of gross receipts
  10. 10-500-160 · Situs of gross receipts for a contractor
  11. 10-500-170 · Situs of gross receipts for a retailer
  12. 10-500-180 · Situs of purchases for wholesaler subject to tax based on…
  13. 10-500-190 · Situs of a business renting tangible personal property
  14. 10-500-200 · Situs of a business performing services
  15. 10-500-210 · Apportionment; in general
  16. 10-500-220 · Apportionment; agreement to apportion among localities
  17. 10-500-230 · Contractors; maximum rate
  18. 10-500-240 · Contractors; classification
  19. 10-500-250 · Contractors; list of occupations
  20. 10-500-260 · Installation by merchant
  21. 10-500-270 · Retail sales; maximum rate
  22. 10-500-280 · Retail sales; retail and wholesale distinguished
  23. 10-500-290 · Retail sales; banks
  24. 10-500-300 · Retail sales; solicitation
  25. 10-500-310 · Retail sales through a commission merchant
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