Mountains
Go To Search
Click to Home


Does equipment purchased prior to the start of business and/or equipment from a home I owned or received as a gift need to be listed?
All equipment or fixtures used in the operation of a business are taxable under Utah law. All items must be reported, whether they were acquired before or after the start-up of business.

Real Property Valuation

Show All Answers

1. When buying a business do I use the acquisition cost of the original owner or does my purchase create a new acquisition cost?
2. Does equipment purchased prior to the start of business and/or equipment from a home I owned or received as a gift need to be listed?