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Taxation on domain name sales

Located in Legal Discussion, started by maxtra, Mar 14, 2018

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  1. maxtra

    maxtra Let's make a deal VIP

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    Are domain name sales taxed in the same manner as stocks, real estate etc. as capital gains if they have been held for over a year, or are they taxed as income?
     
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  2. keltron72

    keltron72 Established Member

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    This is a very tricky area. And it really depends on many factors. But technically a domain name itself is a non tangible 'product'.

    But to clear things up- Are you doing this through a business you own? Or as an individual? Also are you talking about a one-off transaction or do you have a number of domains which you sell on a regular basis?

    Also are the names associated with a business you run?
     
  3. maxtra

    maxtra Let's make a deal VIP

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    Individual at the moment, thinking of creating a LLC soon. Multiple transactions. Negative.

    Thanks.
     
  4. keltron72

    keltron72 Established Member

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    Im gonna have to pm you the next question, it's pretty blunt about what you are ideally seeking/ wanting to pay. etc.. Because you do have several options as I currently see it... Feel free to answer on here, but i'll put my question to you privately 1st. PM sent :)
     
  5. keltron72

    keltron72 Established Member

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    Although I will say that if you are based in USA its probably best talking with an accountant about this. Especially if you think there's a possible future here- either with selling or advertising on more domains, websites, etc.
     
  6. creataweb

    creataweb Some Guy with Awesome Senior High School Photo VIP ★★★★★★★★★★

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    Consult a professional, this will vary depending on many factors.
     

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