Quote:
Originally Posted by bwsteg
In NY, you can fill out the bill of sales as gifts to avoid paying taxes. I guess it varies by state.
|
CA does allow a transfer under "gift" and there is no use tax applied. However, in the "statement of facts" form that must be filled out and provided to the DMV, the Gift Box has the following statement:
"(Does not include vehicles traded between individuals, transfer of contracts or other valuable consideration)"
I suppose two individuals could try to gift each other their cars to avoid paying use tax but it is clearly a violation of CA law. As such, I would advise against doing that.