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Old 08-01-2006, 10:36 PM
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Join Date: Aug 2006
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avoiding sales tax on used car purchase

What is the name of your state? Missouri

My wife and I just bought a used car in MO. The payment and ownership information is under her name. In MO, you must pay sales tax on any car you wish to register. However, there is a stipulation that states if the purchase is a gift, no extra tax is due. Can she "give me a gift" -- transfer the title to my name to avoid the backbreaking sales tax required? Thank You.
  #2  
Old 08-01-2006, 11:07 PM
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Join Date: Aug 2002
Location: Washington
Posts: 3,484
Betcha a shiney new dime she can't! My guess is that there is a requirement to pay sales tax on any title transfer, & an exception to taxing a transfer of title when the car is gifted. So, yeah, if she pays the taxes, then gifts you the car, you don't pay sales taxes again, but why bother?
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  #3  
Old 08-02-2006, 10:20 AM
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car gift

Thanks for the advice...guess I have to pay
I appreciate the quick reply!
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