Vehicle Sales Tax Exemption

[ditcherman]

wont the lender require him to put them on the title as the lienholder?

Yes, maybe I simplified it too much. Was just thinking about the actual filling out of the title at the branch, I don’t know how much back door cross checking they all do.

 

[Cameramonkey]

It’s ok, everyone that owns boats is rich!

Yeah right... its a 12' 3 person rowboat with a vintage 9.9 Evinrude.

 

[Mounty09]

I bought a vehicle from my dad in 2015 and I did not have to pay sales tax.

Wow, I've now owned that car 9 years! Time flies!

 

[patience0830]

So he got a loan to buy it?


I hate to say it, but I've never been gifted something that required me to get a loan.

"Save u-up!"
Killer Beez.

 

[patience0830]

I bought a vehicle from my dad in 2015 and I did not have to pay sales tax.

Wow, I've now owned that car 9 years! Time flies!

How did you manage that?

Can't just leave us speculating.

 

[Mounty09]

How did you manage that?

Can't just leave us speculating.

The BMV told me since I bought the vehicle from my dad, that I didn't have to pay sales tax. The full purchase price was listed as I had a loan.

 

[patience0830]

The BMV told me since I bought the vehicle from my dad, that I didn't have to pay sales tax. The full purchase price was listed as I had a loan.

Wonder if they changed that since then?

 

[gassprint1]

In 2018 when i titled the 93 f150 4x4 we got when grandma passed away, there was NO sales tax because there was no sale i only paid the n9rmal title fees and yes, you have to pay excise tax no matter what. Your father can get his taxes back with proof to the bmv that he no longer owns it.

 

[wingrider1800]

You can get credit back for excise tax but I don't think you can get back sales tax.

 

[two70]

I bought a boat from another INGOer. I went to register it with well over 6 months left on the watercraft tags. No credit available to either of us, I had to pay the tag fee in full again even though it had already been paid by him. And they wouldnt have refunded him since he didnt use the tag the whole year. And dont get me started on the separate state waterways tag they require AFTER I pay the state for the right to put it in the public waters. (just not ALL the public waters, apparently.) So there is a double dip too.

Boat ramps do not build or maintain themselves. (Or idiot proof themselves either for that matter.) Its the same reason State Parks have entrance fees, camping fees etc.

 

[BehindBlueI's]

You can get credit back for excise tax but I don't think you can get back sales tax.

You can claim sales tax, but it needs to be a significant amount as you can't then also claim state income tax. You have to pick one or the other. Unless things have changed, but my accountant always asks for any large purchases that I paid sales tax on to do the comparison.

 

[CallSign Snafu]

Maybe I can tell them I only borrowed $2000.

There is a legal term for this. It is called fraud. Please don't create threads on Ingo and use them to talk about how to commit fraud.

 

[Sigblitz]

I ask this question at the license branch a couple of years ago and the clerk told me that immediate family was exempt. I was buying from a cousin and had to pay.

Could be tax free after all.

 

[Leo]

I think you are screwed.

Because of trading with products and labor, I went to the BMV with a $1.00 signed receipt and a clear title. By the time they got done, I had to pay sales tax on the value their book said. The government bean counters are not willing to give the little guy a loop hole.

I had similar problems with excise tax on a home made utility trailer. The axle was free and 1/2 of the steel was free, but they wanted excise tax the same as a new 1/2 ton utility trailer. I offered to sell it for 1/2 of what they claimed it was worth, but they did not bite.

 

[Dinny]

We were at the BMV today. All he had to do is sign an affidavit stating I'm his son and the tax was exempted.

 

[firecadet613]

We were at the BMV today. All he had to do is sign an affidavit stating I'm his son and the tax was exempted.

That's awesome! I would not have guessed that.

 

[PGRChaplain]

Glad it worked out!