Скачать или смотреть Texas Sales Tax & Construction- Understanding Property Types

Hi everyone!

It’s time for another tax tip. We are focusing on construction in Texas in this tax tip. One of the first things business owners must do when determining their sales and use tax responsibilities is understand the laws, rules, and definitions of the jurisdiction where they are doing business and how they apply to them.

If you are a contractor or subcontractor with construction projects in Texas, there are several factors that you must determine to understand your sales and use tax responsibilities. One of these factors is property type.

There are two types of property in Texas: residential property and commercial property. These are terms defined by the Texas Comptroller of Public Accounts (i.e., the taxing authority in Texas). You must understand these defined terms and categorize your job correctly. That is one of the first steps towards determining when or if you should charge your customer sales or use tax. It will also help you determine when you should pay sales or use tax on your purchases.

Once you have established whether you are working in residential property, commercial property or a combination of the two, you must determine the contract type and whether the project is for a tax exempt entity. Answering those questions will help you determine your sales and use tax compliance requirements.

We discuss this and more in our “Texas Taxes for the Construction Industry” workshop. For more information, click the link: https://www.thomaspc.com/services/con...

It is a virtual workshop where we discuss sales and use tax compliance issues related to Texas construction projects. Topics include new construction, repair, remodeling & restoration projects, exempt entities, lump sum contracts, separated contracts, maintenance, real property services, resale certificates, exemption certificates, tax able purchases, audits, etc. Class sizes are small, so sign up early.

If you can’t make the class, but would like additional information, check out our book, “Texas Taxes for the Construction Industry” here: https://www.thomaspc.com/texas-taxes-...

And that is your tax tip!

DISCLAIMER: This tax tip contains general information about the factors that affect the taxability treatment of construction services performed in Texas. This is a general tip, not an opinion relating to sales and use tax compliance in Texas. As always, when determining the taxability of the services you provide, you should research the issue and seek the advice of a professional that can specifically address your compliance needs.

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