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Related Questions
Inherited classic car - do you have to pay taxes when car is sold?
No
Does Texas have a classic car insurance policy?
No, the coverage not specific to a classic car but you can insure it. Texas does not have property taxes so you will pay more for other things like insurance.
If you have owned a classic car for over 10 years and get a profit on the sale with appreciation do you pay tax on the sale?
The purchaser pays the taxes.
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.
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.
If you buy a car in Maryland and live in Virginia where do you pay taxes?
You pay Virginia taxes.
Do you have to pay the taxes in the car you trade in in Virginia?
you would only pay taxes on a difference
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.
If you buy a car in tax-free New Hampshire and you move to Florida will you have to pay taxes?
Yes- you pay the taxes when you register your car in the state you live in.
Do you have to pay taxes on a car that is a gift?
Someone has to pay taxes, yes. Contact your local Bureau of Motor Vehicles.
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