Cheapest way to register vehicle in CO?

[newracer]

I would state it was a gift. There no taxes on a gift. I have done this many times, even across states with no problems.

[Grant H.]

I would state it was a gift. There no taxes on a gift. I have done this many times, even across states with no problems.

Depends on value of the vehicle.

Gift taxes can apply to gifts of cars as well.

[SouthPaw]

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.

[newracer]

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.

I suppose it should be claimed on your income taxes but there is no sales tax, which is what you pay when registering.

[Grant H.]

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.

[ray1970]

Depends on value of the vehicle.

Gift taxes can apply to gifts of cars as well.

I seem to remember there was some sort of $50 ?gift tax? or something when I was dealing with vehicles for the kids years ago. I ended up doing the $1 sale so we didn?t get dinged with the gift tax.