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Thread: Sales tax for private party purchase?

  1. 05-06-2020, 06:32 AM #11
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    shadow
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    Quote Originally Posted by "D" View Post
    Dwayne, I gave a car to a nephew using act of donation. But that was a few years ago.
    Danny, this is what I have always been told but I have been wrong before and according to my wife, I will be wrong again! lol
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  2. 05-06-2020, 09:25 AM #12
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    Quote Originally Posted by shadow View Post
    Act of donation only works for immediate family. Father/Mother to Son/Daughter or vice versa. And yes you will need a notary.
    That's how it used to be , Shadow, but they changed it a few years ago. You can donate to anybody now. State's missing out on a lot of sales taxes. Yes, you do need a notary. I know that because I'm a notary. LOL
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  3. 05-13-2020, 09:57 AM #13
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    Quote Originally Posted by hthoang View Post
    He won't really need to do that. It's ok to put whatever price on the boat because sales tax is exempted for person to person "occasional" sales. I'd put a small price on the trailer, though, as I think you will pay tax based on the value of the trailer and then have to get the tag for that.
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  4. 05-18-2020, 08:33 AM #14
    Meaux
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    Quote Originally Posted by Dapet View Post
    I had to have 3 separate bills of sale: boat , motor , trailer. Better yet, pass an act of donation on all 3. Nobody will know the difference.
    I bought a pontoon 2 years ago and a Tracker in December. I only paid sales tax on the trailer on both of them.


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  5. 05-18-2020, 11:47 AM #15
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    Quote Originally Posted by Meaux View Post
    I bought a pontoon 2 years ago and a Tracker in December. I only paid sales tax on the trailer on both of them.


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    Thanks for the info everyone. I’m looking at (have a good buddy looking at) a boat today. If I purchase, I’m definitely going to separate the boat, engine, and trailer on the bill of sale. Seems 50/50 on the folks that recently boat a boat and whether or not they had to pay taxes. Two things are for sure, I won’t volunteer them and they will find me if I owe them. Lol


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