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If you gift a vehicle to someone that is a family member, there will be a tax that the person would be responsible for. The vehicle can even be sold for just one dollar to avoid that tax.
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Can you get a gift of equity from a non family member?
No, you cannot legally get a gift of equity from a non family member. A gift of equity always has tax consequences, such as capital gains.
Is a gift to a family member a deductible item?
No.
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.
Should you send a thank you note for a gift from family member when opened in his presence?
yes of coarse
Is money received for work done for a family member taxable income or can it be treated as a gift?
Its income
What is the minimum interest rate a person can charge a family member on a loan for it not to be considered a gift?
i think about a billlion
Can you get to Gift Island if you are not a member on Moshi Monsters?
You can not, you have to be a member to get to Gift Island.
Can you gift a car to a family member in pa with a suspended registration?
Yes. The car itself is nothing but a piece of property that can be transferred, sold, or given away, at the owner's discretion. However, if the registration for that vehicle (tags, etc) are suspended by the DMV, they cannot be used and are illegal to perate on, regardless of who owns the vehicle.
Where could one find some ideas for birthday gifts for women of their family?
An individual can find some gift ideas for birthday gifts for women of their family on Pinterest, gift ideas books, magazines, a friend or family member, or online.
Do you give give gift at a going away party?
If it is the host that is leaving and the party is for them then yes, you do give a gift. If they are hosting the party for a friend or family member then you would give the gift to the person leaving.
Birthday gifts for him (a family member)?
Some birthday gift for a family member are flowers. Another would be a computer or gaming system. Another is a digital camera. One more would be a MP3 player.
What is the Best method for global waste disposal?
fix it, if that does not work recycle it, or give it to a friend or family member as a gift.
