Home Ownership (misc.consumers.house)

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Default Broker commission for sale of home


JerryL wrote:
Is this home a manufactured or mobile home? You have to pay sales tax

on
them.



This is not manufactured home. It is single family resiential home.
What I am wondering is that i never heard paying commision plus state
sales tax for the sale of residential property.. have any one?

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On 16 Aug 2004 20:08:14 -0700, someone wrote:

This is not manufactured home. It is single family resiential home.
What I am wondering is that i never heard paying commision plus state
sales tax for the sale of residential property.. have any one?

From what has been posted:

Commissions, being a fee for services, are taxable in NM (as part of
the Gross Receipts Tax, which in actually practice resembles a sales
tax).

So if you sold a house -
1) You'd pay the commission
2) You'd pay the tax on the commission.
End of story.

NOBODY is claiming that you pay sales tax on the sale of the house
itself. The COMMISSION is what is taxed, not the house sale.

-v.
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