Mom sold car to me. Do I have to pay NYS DMV sales tax?

My mom sold a car to me. Am I supposed to pay the New York State DMV sales tax for the purchase of the vehicle? Or because I am her child, that I am exempt from the state sales tax?

Thanks for your time!

10 Answers

Relevance
  • Anonymous
    1 decade ago
    Favorite Answer

    Since she sold you the vehicle, you will have to pay the regular amount of tax that is charged by New York state. You might ask your mother to list the vehicle as a "Gift" to you instead and that might cut down the amount of tax you would have to pay. What you might do is call the DMV office and ask them what the tax rate is on a vehicle if the vehicle was a gift to you. Maybe you will get lucky and not have to pay any tax at all but don't expect that though. The DMV can tell you exactly what the tax will be on the vehicle be it a gift or not.

  • 4 years ago

    Nys Dmv Sales Tax

  • 1 decade ago

    My aunt sold me her old car. I called it a "gift" on the DMV transfer of title where the purchase price should be. If you don't do that, you must pay sales tax on the car and your mom is responsible for the income tax on the money you gave her. Tricky, huh?

  • maxi
    Lv 4
    4 years ago

    once you sell OR provide a motor vehicle to a determine it is called a "kin flow" and isn't any longer situation to smog or tax. yet you like extra type REG 256 assertion of knowledge. area A examine first field. area B examine boxes 4 & 5. turn it over and sign the backside of the paper. That type and the call is all you like. It expenditures $15 for the flow. you could acquire the type off the internet. Your motor vehicle isn't a contemporary subsequently...it is a kin flow. yet whilst it exchange right into a contemporary then: on condition that the motor vehicle exchange right into a contemporary do you write interior the vehicles KBB value. in case you place down $a million, that could improve crimson flag for the BOE (Board of Equalization) and it would come back and chew your ***. the reason to place down the actual value isn't for tax motives. it is what the DMV makes use of next 12 months for calculating registration expenditures.

  • How do you think about the answers? You can sign in to vote the answer.
  • Rich
    Lv 5
    1 decade ago

    Maybe look into her gifting the car to you. Were I live that would be exempt from tax.

  • ?
    Lv 7
    1 decade ago

    No, but she may list the car as 'gift' on the title, and that will probably lessen the rate you have to pay.

  • Anonymous
    4 years ago

    You raise some good points in your question.

  • 1 decade ago

    every one pays

  • Anonymous
    4 years ago

    yes, it could be right

  • 5 years ago

    Not sure about this

Still have questions? Get your answers by asking now.