DMV Motor Vehicle Sales Tax

[Carlos Hathcock]

On a NYS DMV Statement of Transaction (DTF-802), there's an option to receive a vehicle as a "gift", in this case a snowmobile. If the transaction is listed as a "gift", the seller has to complete Section 6 which asks if there were any services, debt, or property exchanged as a condition of said gift.

Question. If this was a pure gift of generosity, does the DMV make some sort of fair market value assumption and charge sales tax (yet again) for the transaction or is the net sales tax simply $0.00?

Any help / experience would be appreciated.

 

[MikeM]

Pretty sure it's No tax

 

[tony]

I would agree. I did the gift vehicle thing many years ago and there was no tax collected. That was pre-FUAC so who knows now...

 

[TEOTWAWKI inc.]

It probably triggers an audit for both parties. I can't imagine NY would pass on an opportunity to tax us.

 

[Mr. terzmo]

No issue if from a relative but from a non relative it may generate a challenge as to why a non relative would gift an item but again, a notorized affidavit with both parties signature swears by law, it's a good transaction.

 

[C3D]

It probably triggers an audit for both parties. I can't imagine NY would pass on an opportunity to tax us.

Bingo. If the blue book value is any more than a pittance you can expect an inquiry from NYS.

 

[kev74]

Just remember, we're all brothers in the Lord's eyes.

 

[Carlos Hathcock]

No issue if from a relative but from a non relative it may generate a challenge as to why a non relative would gift an item but again, a notorized affidavit with both parties signature swears by law, it's a good transaction.

Bingo. If the blue book value is any more than a pittance you can expect an inquiry from NYS.

Well if Governor Asshole wants a video of the blow job I performed to get it, then I suppose they can audit / investigate away.

 

[kev74]

Well if Governor Asshole wants a video of the blow job I performed to get it, then I suppose they can audit / investigate away.

Section 5, Box 1C - $2.50

 

[gun_slinger_boy]

How did our country get this way where we have to worry about being taxed for giving someone a gift SMH.

 

[GOYABEAN]

land is willing to tax you even after death while not allowing your God giving rights while you're still breathing and could enjoy them

 

[Tinman]

A gift from a relative , no tax. Not a relative might be tax. Isn’t that person your cousin?

 

[Saltwater60]

I’d say it depends on who you get as well. I know when I love had trouble registering things you will get different stories from the next window over. I’ve had it where this from was rejected and was told to fill out this form. Called up again and get a different person after filling out said correct form and the new person said this form is all wrong you need this one. I said oh you mean this one that I had previously filled out. Yep you’re good to go. They are freaking clueless at the DMV.

 

[GOYABEAN]

I’d say it depends on who you get as well. I know when I love had trouble registering things you will get different stories from the next window over. I’ve had it where this from was rejected and was told to fill out this form. Called up again and get a different person after filling out said correct form and the new person said this form is all wrong you need this one. I said oh you mean this one that I had previously filled out. Yep you’re good to go. They are freaking clueless at the DMV.

Depending on what location you swear they're on drugs

 

[96coal449]

Gifted a Lotus by my father ......no tax.
Also gifted a 08 suv by my significant other ....no tax.

 

[Carlos Hathcock]

Gifted a Lotus by my father ......no tax.
Also gifted a 08 suv by my significant other ....no tax.

I like your dad. I'd be having a talk with the significant other.

 

[96coal449]

I like your dad. I'd be having a talk with the significant other.

It's still for sale. Currently undercover and going into deep storage for the winter. I know my price was high. I did that on purpose at the time.
The car is cool and all but way to uncomfortable for me to climb in and out of. Not to mention I can not enjoy the go cart like ride for more than 20 mins or so. My old injuries tell me so every time. Time for someone else to enjoy it. It mostly just sits.

 

[Carlos Hathcock]

It's still for sale. Currently undercover and going into deep storage for the winter. I know my price was high. I did that on purpose at the time.
The car is cool and all but way to uncomfortable for me to climb in and out of. Not to mention I can not enjoy the go cart like ride for more than 20 mins or so. My old injuries tell me so every time. Time for someone else to enjoy it. It mostly just sits.

My friend has a Lotus Esprit turbo, and has owned it for many many years. I took a ride with him once. Once. It was the only car I'd ever ridden in that you could only get in and out of by contorting your body in a specific way. Was a cool ride though. Would hate to have to make a hasty exit in an emergency.

 

[C3D]

If the giftor is a family member then an audit is less likely.

 

[Robin]

If the grifter is from the government no audit will be done.
Robin

 

[STS556]

How did our country get this way where we have to worry about being taxed for giving someone a gift SMH.

Also why are we being taxed on something that taxes were already paid on when bought new the first time?

 

[@thewheels]

Also why are we being taxed on something that taxes were already paid on when bought new the first time?

Schumer needs his pension and stellar healthcare insurance for life.

Serf...

 

[repete]

Also why are we being taxed on something that taxes were already paid on when bought new the first time?

Very true, but in some states your charged a value tax every year on the same car when you reregister it!

 

[togmaster]

Also why are we being taxed on something that taxes were already paid on when bought new the first time?

Stop making sense.

 

[Robin]

I agree, It has already been taxed, once and done should be it, but we have no representation. We should have our own tea party and throw those corrupt hacks into the Hudson, or better yet tar and feathers, chase them down the Taconic, and back to the rotten apple.
Robin

 

[FrankenCub]

I've never trusted the gift option, always figured it would trigger the dmv to investigate book price. I always right out a receipt for $25-$100 depending on what it is. And make sure the dmv can see AS IS.
Even my broke ass can afford $8 tax lol.

 

[Doc8404]

If you assholes would read the form, then YES, there will be a tax based on the fair market value.

See Section 5.

 

[Doc8404]

I've never trusted the gift option, always figured it would trigger the dmv to investigate book price. I always right out a receipt for $25-$100 depending on what it is. And make sure the dmv can see AS IS.
Even my broke ass can afford $8 tax lol.

exactly.
As is, needs repairs.

 

[96coal449]

If you assholes would read the form, then YES, there will be a tax based on the fair market value.

See Section 5.

Whhaaaattt???? Never checked out Sec 5 but..... a gift is a fuckin gift. No coin exchanged means free.
Now if they want they can try and tax my anus for methane production.

 

[Mr. terzmo]

Whhaaaattt???? Never checked out Sec 5 but..... a gift is a fuckin gift. No coin exchanged means free.
Now if they want they can try and tax my anus for methane production.

You and the cows could be gone in 10 years by AOC