SUT-162 - Exemption - Transfers Between Commonly-Controlled SMLLCs

Tennessee sales tax does not apply to the transfer of property from one single-member LLC to another, where both single-member LLCs are 100% owned by the same parent company.

For example, a parent company owns 100% of the ownership interests in two single-member LLCs. The organization wishes to change the ownership of company-owned vehicles from one single-member LLC to the other. The transfer is not subject to sales tax.

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