 |
Do you have to pay taxes when selling a car?In: Car Selling |
[Edit] |
Answer
the taxes will be paid by the buyer when they register the car
Answer
n 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 liscensed sales tax vendors are not able to be used.
The government does not ever want anyone to collect sales tax that isn't liscensed to do so. It is highly illegal.
If it is not a registered auto dealer in the sale, the tax is collected by the authorites as part of the registration/titleing fees paid by the new owner, to the MVD or MVC.
Answer
the govt. would like for you to but probably NO ONE DOES in a private sale.. LOL
Answer
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 liscensed sales tax vendors are not able to be used.
The government does not ever want anyone to collect sales tax that isn't liscensed to do so. It is highly illegal.
If it is not a registered auto dealer in the sale, the tax is collected by the authorites as part of the registration/titleing fees paid by the new owner, to the MVD or MVC.
Answer
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.
Answer
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.
First answer by ID1144271699. Last edit by Johnbrent. Contributor trust: 8 [recommend contributor]. Question popularity: 228 [recommend question]
|
Research your answer: |
Answers.com > Wiki Answers > Categories > Cars and Vehicles > Car Selling > Do you have to pay taxes when selling a car?
Our contributors said this page should be displayed for the questions below. (Where do these come from ) |
| If any of these are not a genuine rephrasing of the question, please help out and edit these alternates. |
