If a sale and purchase contract lists personal property with separate values, is sales tax due on those items?

When a sale and purchase contract includes personal property with separate values, sales tax is indeed due on those items. This is because personal property, distinct from real estate, typically falls under the category of taxable goods in many jurisdictions. The listing of these items with specified values indicates that they are being sold as part of the transaction, which triggers the need for sales tax to be applied to those items.

Sales tax is assessed based on the sale of tangible personal property, so when these items are included in a real estate transaction, their separate valuation sets the groundwork for calculating the applicable tax. This obligation is standard practice to ensure compliance with tax laws regarding the sale of personal property, regardless of whether it is explicitly requested by the buyer or included in the contract.