answersLogoWhite

0


Best Answer

if you give a relative a used car in Michigan,is there a gift tax

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: In Michigan Is there gift tax associated with a used car?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the minimum income level to get a car loan in Detroit, Michigan?

The Minimum income level to get a car loan in Detroit,Michigan for used or new car is $2000


Where in Michigan can you find a used Honda for sale?

Depending in the city of Michigan in where you reside you will find many used car dealers. You can either go to a used car dealership or a certified Honda dealership.


What required fees are associated with buying a used car from a dealership?

Required fees associated with buying a used car are sales taxes and a title fee.


When was Michigan Car Company created?

Michigan Car Company was created in 1864.


When did Michigan Car Company end?

Michigan Car Company ended in 1892.


What is sales tax on car if the car is a gift?

gift = no sales tax


If you give a car as a gift can you claim back the tax?

A car, gifted to a nonprofit organization can be used as a tax deduction. A car gifted to an individual cannot be used as a tax deduction.


Can you drive a used car home without tags from a private seller in Michigan?

You can but it's not legal.


Are there any laws in Michigan that will help someone who buys a used car that breaks down the very next day?

Yes, there are laws in Michigan that will help someone who buys a used car that breaks down the very next day. You can find them at michigan.lemon-law.to/ Yes there is laws in Michigan that help someone who buys a used car that break down after buying it, if the person buys it from a dealership. If it is bought by a pirvate seller there is no law and your not covered.


Do you pay sales tax on a car in MA if it was a gift?

There is no tax on a car given as a gift in MA.


Can a parent gift a car to a child and write it off?

They can gift a car, but they can't write it off.


Where can I find low car insurance rates in Michigan?

www.carinsurance.com/state/Michigan-car-insurance.aspx is a good place