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re: Is it still legal in Louisiana to give a vehicle to a realitive
Posted on 6/5/14 at 9:38 am to VetteGuy
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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