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re: Is this a loophole option?
Posted on 10/1/13 at 1:43 pm to Golfer
Posted on 10/1/13 at 1:43 pm to Golfer
Your situation is not quite like the OP.
First, since the car was not donated to you then the state assumed that you purchased it. It's illogical for the state to believe that you paid $1 for a car, and in which case they went an additional step.
quote:
In Alabama, there isn't an act of donation
First, since the car was not donated to you then the state assumed that you purchased it. It's illogical for the state to believe that you paid $1 for a car, and in which case they went an additional step.
1
Posted on 10/1/13 at 1:46 pm to GreenTrout
quote:
First, since the car was not donated to you then the state assumed that you purchased it. It's illogical for the state to believe that you paid $1 for a car, and in which case they went an additional step.
The car ended up being donated to me. And again the same situation happened when I bought a truck private party. I delivered the bill of sale for $14,000 to the DMV and I watched the DMV clerk look up the NADA value to determine the appropriate value to tax the vehicle at.
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