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The taxes will be payed with the new owner because it is now his responsibility.
In virtually all states, the laws governing sales tax on vehicles is different than those on other items of personal property. For example, only sales from one registered auto dealer to another are exempt - and the normal exemption forms used between licensed sales tax vendors are not able to be used.The government does not ever want anyone to collect sales tax that isn't licensed to do so. It is highly illegal.
If it is not a registered auto dealer in the sale, the tax is collected by the authorities as part of the registration/titling fees paid by the new owner, to the MVD or MVC.
The govt. would like for you to but probably NO ONE DOES in a private sale.
You can't charge sales tax unless you have a business license. Don't know about other states, but in Kansas the new owner will pay the sales tax to the county treasurer when they register a car purchased from a private party.
If you are selling cars as a professional or a business owner/car dealer, then you are of course required to pay tax for that business. If you are a private seller, the tax that you would have to pay for is concerned with the legal process of turning the ownership rights.
What else can I help you with?
Do you have to pay taxes when selling a car in Canada?
no no you do not. Mexicans will buy it cheaper and they wont charge tax.
Do you have to pay taxes when selling a motorcycle?
You don't have to pay taxes when selling a motorcycle, but the buyer has to pay taxes when he goes to the title agency. Some people say the vehicle is a gift so they can avoid paying tax.
Do you have to pay taxes if you win a car?
If you win a car you are responsible to pay taxes in the state where you live.
Do you have to pay taxes on money you received from selling your car to car max?
Only on any part that was considered profit on your part. But there is unlikely to be any of this unless you somehow succeeded in selling it at well above its market value.
What taxes do you pay if giving a car as a gift in NC?
You don't pay the taxes, the person receiving the car as a gift does.
Do you have to pay taxes on selling your deceased fathers house?
That is the question !
Do you have to pay taxes on selling used items?
Yes, you may have to pay taxes on selling used items, depending on the circumstances and the amount of profit made. It is important to report any income from selling used items on your tax return and consult with a tax professional for guidance on how to properly report and pay taxes on these transactions.
If you buy a car in Maryland and live in Virginia where do you pay taxes?
You pay Virginia taxes.
Do you have to pay the taxes in the car you trade in in Virginia?
you would only pay taxes on a difference
Do you pay taxes on cars that are gifted?
yes, it will be based on the "value" of the car. You always pay taxes.
Do you pay taxes on cars that are gifted in Florida?
Yes you will have to pay taxes when you register the car in your name.
When you buy a used car in Illinois does the seller pay any taxes?
He pays income taxes. You pay sales taxes.
