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Started By
Message
re: Louisiana Used Vehicle Tax Question
Posted on 1/4/22 at 11:24 pm to keakar
Posted on 1/4/22 at 11:24 pm to keakar
quote:
it doesnt matter what you want, you have to pay taxes on the book value of the vehicle even if you have a notarized bill of sale saying you bought it for $5
there is a cut off though, i think its 15 years old or something like that, where they then go by whatever the bill of sale says or the value you tell them you bought it for.
No, goes off sale price reported
0
Posted on 1/4/22 at 11:30 pm to Smoke Jensen
Tax fraud, sport.
Posted on 1/5/22 at 12:08 am to Smoke Jensen
If you purchased the vehicle the bill of sale is actually used as evidence to calculate the sales tax you are owed when you register the vehicle. The only out of this is if you create an llc is in state like Montana. But I think those states have cracked down on this.
Another thing is I think the bill of sale has to notarized. From what I recall.
Another thing is I think the bill of sale has to notarized. From what I recall.
Posted on 1/5/22 at 12:38 am to noonan
quote:
will never understand how you can buy something in one state, pay taxes on it then have to go and pay taxes on it in another state just for bringing it to that state.
Louisiana cuts the diff between the two.
Like bama is 2% and La is 4.5%. So you would have to pay Louisiana the extra 2.5% within 30 days of driving on the roads here.
Posted on 1/5/22 at 1:20 am to Smoke Jensen
Put down that you bought it for $1. Be a man.
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