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.
you say"surprise.....heres a car!!!"
Yes
I think it is a great and unique idea to give used car parts to someone who enjoys fixing or rebuilding cars. There are businesses that can help you wrap the parts. If the parts aren't too large you could wrap the gift yourself.
if you give a relative a used car in michigan,is there a gift tax
A red ute car
yeah of course its ok
If you own the car, you can sell it for whatever you want. You can even give the car as a gift to someone.
A car.
You can browse the Wal-Mart website for many good car accessories that can be given as wonderful birthday gifts. You are even able to get themed gifts, such as Looney tunes seat covers, etc.
No, unless you give it to charity get back % of the values.
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.
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.