Sales tax on leases in California
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2008 M6 Vert
Sales tax on leases in California
Hello all
I was just wondering if anyone knew how the sales tax on leases are calculated in california. In NY the tax is calculated based on the total lease payments while in NJ it is calculated based on the capital reduction of the car (i.e. sale price less residual amount).
Thanks in advance.
I was just wondering if anyone knew how the sales tax on leases are calculated in california. In NY the tax is calculated based on the total lease payments while in NJ it is calculated based on the capital reduction of the car (i.e. sale price less residual amount).
Thanks in advance.