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They can gift a car, but they can't write it off.
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∙ 10y ago
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In British Columbia Canada can a parent gift a car to their child?
Yes. When you fill out the Transfer Papers there is a space to write Gift. Also there is a space to mark $0.00 purchase price so there is no tax. If you buy it to give to the child you have to pay the tax
Car transfer from parent to child?
In order to do a car transfer from a parent to a child, the parent must sign over the car to the child. There must be a smog certification and a transfer fee must be paid.
Does a gift to a child become that child's property?
If the present is age appropriate, the child can use it as desired. However, many people give cash gifts and so on with the intention that the parent or guardian will save the money for a car or education when the child needs funding.
What age can a child be left alone in a car in Colorado?
no specific age, but if your planning on leaving your child in a car, your an awful parent
Can a parent take a childs car that the title is in their name and they pay the ins?
If the title is in the child's name, the child is the legal owner and the parent cannot take the car, regardless of who pays the insurance.
How do you get insurance if a parent who has no license buys your car?
Progressive Insurance can write a policy for you and your parent, but the parent is excluded as a driver because they do not have a license.
When giving a car as a gift in Texas is a mother-in-law considered a parent?
No, you can only give a car to a immediate family member and not pay taxes on the gift. A mother-in-law is not a legall family member.
What is appropriate for a college graduation gift from a parent?
anything like, and in between the price range of, a watch and a car
Can a parent be sued when a child who does not live with them gets into a car accident?
If they are the child's legal parent yes. The only way that they might be unresponsible is if the other parent had sole physical and legal custody. If they have joint custody but the child lives most of the time with the other parent they are still responsible.
What happens when a minor child hits a parked car with his bike?
Unfortunately, the parent (s) of the child are liable for the damages to the car, since they're fully responsible for the child's actions.
Is a noncustodial parent liable for a minor child's accident if it is in the custodial parents car?
no
Can a child obtain auto insurance for a car that is in a parent's name?
If they have Power of Attorney, yes.
