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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Real property vs personal property Posted by Ward-CA- on September 20, 2003 at 0:14 AM In Reply to: CA 3.3% withholding & assignment of contract. posted by frankCA on September 19, 2003 at 3:43 PM : Trying to come to an understanding as to whether or not an assignment of contract falls within CA 3.3% Withholding Regs? -=-=-=-=-=-=-=-=-=- Frank, Contract rights are characterized as personal property not real property. So the 3.3% withholding tax on the sale of real property doesn’t apply against the sale of personal property such as contractural rights. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Trying to come to an understanding as to whether or not an assignment of contract falls within CA 3.3% Withholding Regs? : -=-=-=-=-=-=-=-=-=- : Frank, : Contract rights are characterized as personal property not real property. So the 3.3% withholding tax on the sale of real property doesn’t apply against the sale of personal property such as contractural rights. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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