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Message
re: Is it still legal in Louisiana to give a vehicle to a realitive
Posted on 6/5/14 at 9:29 am to LateArrivalforLSU
Posted on 6/5/14 at 9:29 am to LateArrivalforLSU
quote:
put $25 on the sales price
You can't do this.
They will assess tax on the book value of the vehicle, unless it is salvage.
2
Posted on 6/5/14 at 9:36 am to VetteGuy
quote:
You can't do this.
They will assess tax on the book value of the vehicle, unless it is salvage.
Crap. That's correct. Forgot about that.
Posted on 6/5/14 at 9:38 am to VetteGuy
quote:
You can't do this.
They will assess tax on the book value of the vehicle, unless it is salvage.
Yea, you can't do that low
, but you can definitely go under book. I bought a 2013 motorcycle with one mile on it, and we put $1000 in the bill of sale. Book value was $4500. They can't just go by book value, what if you're buying an expensive car that has been heavily damaged?
ETA: Heavily damaged without a salvage title that is.
This post was edited on 6/5/14 at 9:39 am
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