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  1. #1
    Grand Master Know It All SouthPaw's Avatar
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    Quote Originally Posted by Grant H. View Post
    Depends on value of the vehicle.

    Gift taxes can apply to gifts of cars as well.
    That's what I thought, no way in hell you are getting out of anything and not paying taxes.
    "But when it's time to fight, you fight like you are the third monkey on the ramp to Noah's Ark; and brother, it's startin' to rain."

  2. #2
    Grand Master Know It All newracer's Avatar
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    Quote Originally Posted by Grant H. View Post
    Depends on value of the vehicle.

    Gift taxes can apply to gifts of cars as well.
    Quote Originally Posted by SouthPaw View Post
    That's what I thought, no way in hell you are getting out of anything and not paying taxes.
    I suppose it should be claimed on your income taxes but there is no sales tax, which is what you pay when registering.

  3. #3
    "Beef Bacon" Commie Grant H.'s Avatar
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    Quote Originally Posted by newracer View Post
    I suppose it should be claimed on your income taxes but there is no sales tax, which is what you pay when registering.
    Sales tax can be collected at time of registration, but on a $1 sale, is going to be very little.

    Actual registration taxes and fees are also collected, and going to be paid whether it's a gift or not.
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