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post #1 of 6 Old 02-01-2007 Thread Starter
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Question about having to pay taxes on my new boat

If my dad bought a sailboat 4 months ago and now is signing it over to me. He already paid registration. On the paper it says if you are receiving the vessel as a gift put “0” . Anybody know if I am going to have to pay taxes or registration as of this result ?
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post #2 of 6 Old 02-01-2007
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In many states, the transfer of a titled property between two immediate family members does not require you to pay the sales taxes again, but generally you will be responsible for the registration, as the original registration is no longer valid. You will probably also be responsible for any excise or use tax on the boat.

YMMV... and you should check the local laws carefully...

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post #3 of 6 Old 02-01-2007
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You may try to keep the boat in both your names, and may be not have to pay the taxes.

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post #4 of 6 Old 02-01-2007
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Call your local tax office.
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post #5 of 6 Old 02-01-2007
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If it is registered with the state DMV you are exempt from the use tax normally charged at time of sale. See webpage http://www.dmv.ca.gov/pubs/agent_ves...3/ch03-035.htm
You will need to pay a small transfer fee and eventually the county tax assesor will bill you for "unsecured personal property tax".
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post #6 of 6 Old 02-01-2007
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Question about having to pay taxes on my new boat

Instead of scratching your head and wondering, why not simply phone the taxing authority, usually the Department of Motor Vehicles, and ask the question.
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