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Do you pay less taxes on a house if you live on a private way?
No, you pay property tax based on the value of the home.
How do I pay sales tax on a used car?
To pay sales tax on a used car, you typically need to visit your local Department of Motor Vehicles (DMV) or tax office. You will need to provide the necessary documentation, such as the bill of sale and the vehicle's title, and pay the required sales tax amount based on the purchase price of the car.
Do you have to pay tax on mother's house you inherited and sold?
If you inherit something of value -- instead of earning it through work -- you pay no tax unless the value of what you inherit is greater than $5 million. In 2013, the amount you can inherit tax-free goes down to a "mere" $1 million. In other words, if you earn money by working for it, you pay income tax. If you inherit the money, you pay pretty much nothing unless the amount is truly huge. To some politicians, this difference in tax rates is called a "flat" tax. Others propose that those who get their money, not by working for it, but by inheriting it, should pay no tax at all -- which these people also insist is a "flat" tax rate.
Do you have to pay income on money you inherited from your great aunt?
You don't have to pay income tax on money. You may have to pay income tax if you receive property that has increased in value since your aunt died. You would pay tax on the profit when you sell it. You may have to pay income tax when you take withdrawals from a tax-deferred account you inherited from your aunt (such as a traditional IRA or 401k). You may have to pay income tax on the interest from US Savings Bonds you inherited. Some states impose an inheritance tax (which is different from an income tax). You may have to pay an inheritance tax. If the estate failed to pay any tax that might be due before distributing property to you, the IRS may come looking to you to recover some of the property.
Do you have to pay VAT when buying products from Europe?
Yes, when buying products from Europe, you may have to pay Value Added Tax (VAT) depending on the country and the value of the goods being purchased.
Do I pay sales tax if buying a car from a private party in Oklahoma but living in Texas?
Yes you pay Texas Sales tax. Texas has passed a new law for private party sales regarding sales tax though, you used to be able to pay tax on what you paid for the vehicle but now you will pay tax based upon the "book" value of the vehicle unless you get a licensed Dealer to give you a written value of the vehicle
Do you pay use tax on a gifted vehicle in ca?
yes, it will be based on the "value" of the car. You always pay taxes.
When do you pay your sales tax in Arkansas?
How much sales tax do you pay on a used $22,000 vehicle? How much sales tax do you pay on a used $22,000 vehicle?
To register and tag a car in Madison county Kentucky what do you have to pay?
You will have to pay the license & transfer fee which is minimal. Around $20. You will also have to pay 6% sales tax based on exactly what you paid for the vehicle, not the book value, but what you paid.You will have to pay the license & transfer fee which is minimal. Around $20. You will also have to pay 6% sales tax based on exactly what you paid for the vehicle, not the book value, but what you paid.
If you trade 1 car for another do you pay sales tax?
It varies from state to state. Where I live (Washington State) you pay sales tax on the difference in value between the new car and the trade-in vehicle. Example: New car purchase price $25,000, trade-in car value $10,000; tax is paid on $15,000. It varies from state to state. Where I live (Washington State) you pay sales tax on the difference in value between the new car and the trade-in vehicle. Example: New car purchase price $25,000, trade-in car value $10,000; tax is paid on $15,000.
Do you pay sales tax on a car from a private party in NC?
Yes, in North Carolina, you are required to pay a highway use tax when you purchase a car from a private party. This tax is typically calculated based on the vehicle's sale price or its current value, whichever is higher, with a minimum tax amount. It's important to report the transaction when you register the vehicle with the DMV.
Do you pay Arizona sales tax on an RV purchase from a private party?
Local Property Tax is not due, but there is a State Tax owed regardless if purchased from individual or dealership "Arizona's vehicle tax applies to the vehicle's "taxable value," which is 60% of the manufacturer's base retail price for the first year after initial registration. This value decreases by 16.25% for each succeeding year. For the first year, the tax is $2.80 for each $100 in value."
What do you pay sales tax on a used vehicle?
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If you inherited a vehicle valued at 45000.00 how much tax would you pay?
Your basis in the property inherited is the fair-market value on the date of transfer. Therefore, there would be no tax due unless you sold the vehicle for more than the stated $45,000.
How much sales tax would you pay on a vehicle purchased in Georgia if you are a resident of North Carolina?
You would pay no sales tax to Georgia. You would be responsible to pay a use tax to the state of North Carolina for the retail price of the vehicle based upon the location where you will be registering the vehicle. This is normally collected by the N.C. DMV when registering the vehicle.
Do you pay tax if you have no income?
You don't pay income tax. But you may still have to pay sales tax, gift tax, property tax, gas tax, motor vehicle tax, import duties, and any other taxes that may apply in your situation.
Do you pay Arkansas sales tax if you purchase a car in Tennessee?
yes. you must pay your home states sales tax no matter where you buy the vehicle. however you will NOT have to pay sales tax in the state you buy the vehicle, but they may (or may not) have a fee for out of state purchasers.
