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you say"surprise.....heres a car!!!"
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∙ 11y ago
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Can a corporation give a car as a gift?
Yes
In Michigan Is there gift tax associated with a used car?
if you give a relative a used car in michigan,is there a gift tax
What did Bella's dad give her as a gift?
A red ute car
Can you sell a car for a dollar?
If you own the car, you can sell it for whatever you want. You can even give the car as a gift to someone.
What is the best gift to give your girlfriend on her 16 year old birthday?
A car.
Giving car as gift tax benefit for me?
No, unless you give it to charity get back % of the values.
Do you pay Tax on car gift in Ohio?
No. There is a limit of $12,000 annually for a single person to give away as gift. And if any tax is due on the gift, it is paid by person who makes the gift and not the recipient.
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.
Is it appropriate to give a gift for a 12 year old adoption?
you could give a small gift for the 12 year old like a itunes card or a teddy Or if it is a boy a racing car or toy soldiers
Is it okay to give car parts as a gift or not?
Car parts may be an nontraditional gift idea but for someone who is really into cars, it would be a perfect gift. Its always a good idea for gifts to be something the person would like but probably wouldn't buy for themselves.
Do I have to pay gift tax on a new car I buy for my son?
You do if the value of what you give him in a single year exceeds your annual exclusion of $15,000 (in 2012). You could give him half of a $30,000 car this year and the other half next year and not owe any gift tax at all.
What is sales tax on car if the car is a gift?
gift = no sales tax
