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How do you pay taxes on a vehicle bought from a private seller?
Wiki User
∙ 15y ago
Collected by the State when you register the vehicle.
Wiki User
∙ 15y ago
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Does a private seller of a car pay any taxes?
No, you've already paid taxes on it when you bought it, so the one buying it from you is the one who will pay the sales tax.
Do you have to pay sales tax when purchasing a used car from a private party seller in North Carolina?
Yes! the reason is because taxes have to be assessed for the value of the vehicle for registration purposes
Do I have to pay sales tax on a used car bought from a private party in West Virginia?
When you go to transfer title from the seller to you, all taxes will be collected at that time. In my state the answer is yes, you will pay sales tax.
Do you have to pay sales tax when purchasing a used car from a private party seller in Ohio?
No you don't pay taxes to an individual, only a dealer. You will pay the sales tax at the dmv when you go to register the vehicle.
Is there tax to pay whe selling a unregistered car?
YES. There should be some income taxes paid for the sale of a capital asset by the seller on the 1040 federal income tax return. And by the buyer some taxes to the DMV when they try to register the unregistered vehicle that they are supposed to have purchased from the seller of the unregistered vehicle.
Do you pay sales tax if you buy a car from a private seller but the car is in a business name?
yes, you always pay taxes...no matter what.
Do I pay taxes on a used car purchase from a private party?
Sales Taxes - most places - yes....collected when you register/title vehicle.
Do you have to pay sales tax when purchasing a used car from a private party in Texas?
Yes, when you transfer the vehicle to your name, you will pay the taxes in the state you register the vehicle in.
Does a state of Georgia resident have to pay tax on a car bought from an out of state dealer?
Absolutely, YES.I bought a used car from MO and paid sales tax in MO.I had to show proof to the GA DMV that I paid taxes and also paid a small tax in GA for the purchase.Conversely, when I bought a used car from a GA seller (not a dealer), I paid no taxes at all.
If a seller in contract agrees to pay all taxes until sale can they make buyer pay taxes instead?
No. The seller must honor the contract.
What taxes are paid on used cars in Saskatchewan?
GST is payable on a used vehicle bought at a dealership. PST is only payable on a used vehicle in Saskatchewan if it has never been paid before.
If a person purchases a vehicle from a private seller by paying off what they owe on the vehicle which was purchased directly from the dealership does the purchaser owe a use tax to the DMV?
Yes. You are buying the car. The only way that you wouldn't pay is if you paid off the loan and then left it in the person's name. Which would then open that person to gift taxes, usually minicule, unless the amount involved is cvery high.
