No sales and use tax is due on a vehicle or vessel received as a gift. A Motor Vehicle or Vessel Gift Declaration AU-463 is required, signed by the donor. The donor cannot receive any consideration (cash, property, service, assumption of debt, etc.) in return. Please be aware that a donor who gives a motor vehicle or vessel may be subject to the Connecticut Gift Tax. Generally, the gift tax is imposed on the transfer of property by gift during each calendar year. The tax is measured by taxable gifts, as defined for federal gift tax purposes. For more information on tax exemption, please contact the Department of Revenue Services . Any vehicle exempt from the sales tax can not be transferred if delinquent tax is owed on the vehicle. If the registration is suspended, the vehicle can not be transferred to an immediate family member. Content Last Modified on 1/7/2006 10:07:24 AM Reprinted from Ct DMV Website at: http://www.ct.gov/dmv/cwp/view.asp?a=814&Q=245262&dmvPNavCtr=|39525|
You don't pay the taxes, the person receiving the car as a gift does.
in Florida just state tx when registured
If it is valued at under $11,000 then you dont have to. If it is more than that - either say it is valued under $11,000 or you will have to pay tax - but it is not the person that receives it that pays the tax it is the person giving it away.
There is a $10.00 gift tax but the receiver must also pay a $28.00 title fee and depending on if your gifting a truck or a car the registration fee will vary.
You have to pay the taxes on the easement if you are receiving money for granting it. Make sure the deal you are receiving is worth the taxes you are paying.
CAN I FIND OUT THE REFUND AMOUNT I GOT FROM CONNECTICUT STATE TAX IN 2007
If SSI is the only income that you and your spouse, if married, receive then you will not be required to file an income tax return for the Federal Government.
WCI is taxable and it is claimed as income with no special provisions for reduced percentage unless the person who is receiving the benefits has been declared permanently disabled.
Yes you can.
Yes, it could be considered a gift, although the deed may recite "for good and valuable consideration," which undermines that presumption. In any case, there are no taxes payable by the recipient of a gift; any taxes on gifts are accrued to the person GIVING the gift.
yes because taxes are everywhere.
You do pay taxes if you set up a trust fund for someone. Depending on the type of trust, the money can be sheltered in some tax free forms but in general the person receiving the trust fund will eventually pay taxes even on those types of shelters.