somebody explain to me in simple terms: the steps for me to buy my mom's car and not pay a load of taxes (Virginia)

[Anonymous]

Buying my mom's car from her. Don't want to pay the full taxes on the purchase price (10K). Explain how I do this. TIA!

[Anonymous]

Can she give it to you? then, can you give her a gift of money later on?

[Anonymous]

Have her add your name to the existing title as a co-owner

[Anonymous]

1. Decide on the price with your mom and then give her a check for that amount.
2. Go to the DMV to transfer the vehicle title and say it is a gift from your mother
3. Fill out the Purchaser's Statement of Tax Exemption and give the reason as:
A gift to the spouse, son, daughter or parent of the transferor. With the
exception of a gift to a spouse, this exemption shall not apply to any
unpaid obligation assumed by the transferee incidental to the transfer;

[Anonymous]

All of these ways are tax fraud.

[Anonymous]

Anonymous wrote:All of these ways are tax fraud.

True, but it is also very annoying that sales tax was already paid on this car once and then has to be paid again? seems like doubledipping to me by the state so who cares.

[Anonymous]

Don't help op commit fraud.

[Anonymous]

there is a way that it will pass to you upon death with no fees but is your mom not in this situation?