JunieBJones (JBJ)
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- May 22, 2008
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Do you know what happens when you SELL a B&B?
If you sell the B&B as an operational B&B and sell it turnkey with all furnishings and business intact?
What taxes will you pay?
Is there a benefit to selling the business equipment (ie guest furnishings) separate? Not giving a choice or anything, but selling the inn for (an easy number for an example) $500,000 and the guest furnishings for $15,000? So total sale price is $515,000?
Not breaking down the real estate from the business sale, just itemizing the furnishings as they convey?
Or any other information you would like to share please.
If you sell the B&B as an operational B&B and sell it turnkey with all furnishings and business intact?
What taxes will you pay?
Is there a benefit to selling the business equipment (ie guest furnishings) separate? Not giving a choice or anything, but selling the inn for (an easy number for an example) $500,000 and the guest furnishings for $15,000? So total sale price is $515,000?
Not breaking down the real estate from the business sale, just itemizing the furnishings as they convey?
Or any other information you would like to share please.