Official Site of The State of New Jersey

Bulk Sales

A bulk sale is the sale, transfer, or assignment of an individual or company's business asset(s). This can be in whole or in part. To collect the proper taxes, the purchaser must notify the Division anytime there is a bulk sale. Assets subject to bulk sale may include:

• Tangible property such as inventory or materials;
• Real property (land, buildings etc.); and
• Intangible assets, such as goodwill.

Assets not subject to bulk sale include:

• Retail sales to customers;
• Any sales made in the ordinary course of business; and
• Any single or two family residential unit owned by an individual, estate, or trust including any combination of or multiples of individuals, estates and trusts. Regardless if the described single/two family residential unit(s) were used for rental or home office purposes (this does not include commercial property if it is attached to the residential unit(s)).