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Yes, its considered a "gift tax" but you need to pay it im not sure what the rate is but im guessing it takes into consideration the car and the year etc.
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∙ 13y ago
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What taxes do you pay if giving a car as a gift in NC?
You don't pay the taxes, the person receiving the car as a gift does.
When receiving a car as a gift do you need to pay taxes?
You will pay some kind of tax.
When giving a car as a gift what taxes does the person receiving have to pay you n Florida?
in Florida just state tx when registured
Who pays taxes on a perpetual easement?
You have to pay the taxes on the easement if you are receiving money for granting it. Make sure the deal you are receiving is worth the taxes you are paying.
Do you have to pay taxes if you win a car?
If you win a car you are responsible to pay taxes in the state where you live.
When giving a car as a gift what taxes does the person receiving the gift have to pay in Texas?
There is a $10.00 gift tax but the receiver must also pay a $28.00 title fee and depending on if your gifting a truck or a car the registration fee will vary.
Do you have to pay the taxes in the car you trade in in Virginia?
you would only pay taxes on a difference
If you buy a car in Maryland and live in Virginia where do you pay taxes?
You pay Virginia taxes.
Do welfare recipients have to pay income taxes on payment received?
Generally not. They would have to have enough income to have to pay taxes...which would disqualify them from receiving welfare!
Do you pay taxes on cars that are gifted?
yes, it will be based on the "value" of the car. You always pay taxes.
Do you pay taxes on cars that are gifted in Florida?
Yes you will have to pay taxes when you register the car in your name.
When you buy a used car in Illinois does the seller pay any taxes?
He pays income taxes. You pay sales taxes.
