Vincent pays $20,000 for equipment to use in his trade or business. He pays sales tax of $800 as a result of the purchase. Must the $800 sales tax be capitalized as part of the purchase price? Yes, only half of the sales tax paid is included as part of the property's purchase price and the other half is expensed. No, sales tax paid is expensed. Yes, only when sales tax is paid can it be included as part of the property's purchase price. Yes, sales tax paid or accrued in connection with the acquisition is included as part of the property's purchase price