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Re: "selling price" or "gift" / transfer of title
"B A R R Y" <balsapilot@yahoo.com> wrote in message
news:5gBHg.3696$q63.2901@newssvr13.news.prodigy.com...[color=blue]
> Brian wrote:[color=green]
>> Is it true that when a private party sells a used car will claim it as
>> a gift (in California) so that both parties can avoid paying a tax?[/color]
>
> Many states simply charge you the tax based on average sale price unless
> you're related in very specific ways (brother, sister, father, mother,
> etc...), regardless of the bill of sale price from a private party
> transaction. Aunt, uncle, cousin are often not included.
>
> Personally, as a seller, what's in it for me to commit fraud? Nothing![/color]
When selling to a sibling & they are not included in the "family members"
tax-exempt status - yet step-parents & step-children are, it's mighty
annoying!
Cathy (NYS, where such is the case)
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