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.
No, the buyer does, sales tax in some States
You will pay the sales tax when you register the car. If the business collects it, they have to give you a receipt for it.
no no you do not. Mexicans will buy it cheaper and they wont charge tax.
The tax is shared by both buyers and sellers when they carry out a transaction. If a seller is selling car, he will have to pay a tax on the income generated while buyer will pay tax on the posession and use of vehicle.
no bacause u are selling it if u where buying it u would have to
Buyer pays sales tax unless the seller agrees to pay the tax as part of the deal.
New car sales tax in Ky is 6%. Trade in value is deducted from the selling price. You pay taxes on the difference.
Buyer pays tax.
Yes, you do have to pay sales tax - it's like purchasing a second hand car. You still pay sales tax
Yes, you pay tax, but not to the individual unless he has a dealer's license. Normally you will pay the tax when you register the car in your name. They will ask how much you paid for the car and the tax is based on that.
Yes, you may pay income tax for selling your new home in Toronto.
If you are bringing the car back to Ireland then you will have to pay tax on it.