When a business is sold, sales tax must be paid on which of the following items?

When a business is sold, sales tax is typically applied to tangible personal property, which includes items that can be physically touched or moved. Furniture and fixtures fall into this category as they are considered tangible assets that add value to the business. When transferring ownership of a business, any tangible personal property, such as desks, chairs, cabinets, and other similar items, is subject to sales tax.

On the other hand, customer lists and intangible assets are not physical items and do not incur sales tax during a sale because they are considered intangible personal property. Real estate leases also generally do not require sales tax to be paid as they pertain to the leasing of real property, which is treated separately under real estate law. This distinction is important because it helps clarify which items are subject to sales tax in the context of a business sale.