Home     Law Advice     Insurance Advice     Community    
Tax Law : Federal, State and Local Income Taxes, Sales Taxes, etc. For Estate, Gift and Inheritance Taxes, Please Post Under Will, Trusts & Estate Planning
Go Back   FreeAdvice Legal Forum > TAX LAW > Tax Law

Powered by Attorney Pages


  Find An Attorney In Your Area    
 

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 09-30-2009, 10:30 PM
Junior Member
 
Join Date: Jul 2009
Posts: 3

Sales Tax on Jewelry Appraisal in Minn


Jurisdiction: MINNESOTA

Hello,

I just purchased an engagement ring for my girlfriend from a reputable local jeweler here in St. Paul, Minnesota. I hope to make the proposal in the next few weeks. I actually purchased the platinum ring itself, and for the center stone I am using a beautiful diamond that I inherited as a family heirloom.

So, I paid roughly $3000 for the setting itself, and then I am paying another couple hundred dollars for an appraisal (of my loose diamond and the ring itself, once its set). The jewelry store taxed me on BOTH the setting AND on the appraisal (at 7.125%). I know that I have to pay sales tax on the ring itself, but I thought that appraisals (of fine gemstones and jewelry) were not subject to sales tax.

Does anyone know whether jewelry appraisals are subject to sales tax? If so, do you know the authority I can quote for that proposition?

Thank you very much!
  #2  
Old 10-01-2009, 01:04 AM
Member
 
Join Date: Nov 2007
Posts: 604
Try google. Seriously.
__________________
When you find yourself in a legal dilemna, ask yourself:

What would Denny Crane do?
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 01:13 AM.



IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.

F
reeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.