WebSep 11, 2010 · I purchased a golf club membership (equity membership) seven years ago for $165000 and sold it for $100000 this year. - Answered by a verified Tax Professional ... 29 years of experience as a tax, real estate, and business attorney. PhillipsEsq. Attorney-at-Law. 878 satisfied customers. B.A., M.B.A, J.D. Loren. Attorney. 834 … WebJun 1, 2024 · In an advisory opinion released May 24, tax department held that fees charged to nonmembers for club-sponsored activities are not subject to tax merely as a result of the club’s relationship to its members and that the nature of each activity should determine its taxability.
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