https://www.taxtmi.com/caselaws?id=157490 Licensed pawnbrokers are treated as dealers under the sales tax statute where, after the redemption period expires, pledged articles are sold by public auction in the manner authorised by the pawnbrokers law. The auction sale is a real transfer of property, not a notional transaction, because the pawner's rights end and title passes to the auction purchaser. The sale of pledged articles is therefore part of the pawnbroker's business activity, and the resulting turnover is taxable when the statutory threshold is crossed. The auctioneer is not treated as the pawnbroker's agent merely because the sale occurs under the regulatory scheme. en-us Thu, 26 Nov 1992 00:00:00 +0530 Mon, 07 Oct 2013 11:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157490 Licensed pawnbrokers are treated as dealers under the sales tax statute where, after the redemption period expires, pledged articles are sold by public auction in the manner authorised by the pawnbrokers law. The auction sale is a real transfer of property, not a notional transaction, because the pawner's rights end and title passes to the auction purchaser. The sale of pledged articles is therefore part of the pawnbroker's business activity, and the resulting turnover is taxable when the statutory threshold is crossed. The auctioneer is not treated as the pawnbroker's agent merely because the sale occurs under the regulatory scheme. Case-Laws VAT and Sales Tax Thu, 26 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157490