How does my responsibility change if I am a merchant?
If you are a merchant, the form must report the merchant’s capital as defined in the Code of Virginia to include all other taxable personal property of any kind whatsoever, except money on hand and on deposit and except tangible personal property not offered for sale as merchandise.

Show All Answers

1. What is business personal property tax?
2. How is business personal property assessed?
3. Who is required to file the business personal property tax return?
4. What is a detailed fixed asset list?
5. What should be included on the asset list?
6. What items are exempt from the business personal property tax?
7. Is there a minimum dollar amount that does not have to be reported?
8. Is leased equipment taxable?
9. When are the annual business personal property tax returns mailed to businesses?
10. When are the annual business personal property tax returns due?
11. What should I do if my business has an address change, moves, or closes?
12. How does my responsibility change if I am a merchant?