Code of Federal Regulations · Section
§ 48.4062(b)-1 — (b)-1 Rebuilt Parts Or Accessories Sold On An Exchange Basis
26 C.F.R. § 48.4062(b)-1
View:
The sale price of a rebuilt part or accessory on which the tax is to be computed shall not include the value of a like part or accessory accepted in exchange. The total amount charged in excess of the amount allowed for a like article accepted in an exchange will be the basis for tax. For example, if a rebuilt automobile engine is sold for $100, plus another automobile engine, the tax on the rebuilt engine will be computed on the basis of $100.
Authorizing Statute
-
Registration and bond26 U.S.C. § 4101
-
Certain taxes on sales and services26 U.S.C. § 6416
-
Time for filing returns and other documents26 U.S.C. § 6071
-
Definitions; special rule; administrative authority26 U.S.C. § 4083
-
Certain tax-free sales26 U.S.C. § 4221
-
Imposition of tax26 U.S.C. § 4081
-
Exemptions for diesel fuel and kerosene26 U.S.C. § 4082
-
Fuels not used for taxable purposes26 U.S.C. § 6427
-
Definitions and special rules26 U.S.C. § 4052
-
Rules and regulations26 U.S.C. § 7805
-
Gas guzzler tax26 U.S.C. § 4064