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Reply to "Gifting car process - also still taxes?"
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[quote=Anonymous]I didn't realize that in VA even if I gift a car to sibling, they have to pay taxes per KBB value. Also did I get the steps right? Go to DMV and take along 1) title $15 to transfer 2) Bring valid inspection sticker to DMV 3) License to bring to DMV 4) Insurance card 5) Bill of sale document even for gift. Buyer pays registration fee. Gifter can get refund of fee if more than 6 mths remain. This is separate and done after DMV trip? Gifter stops insurance - 1 day after gift receiver start their insurance. I also have to figure out how to create a "bill of sale". Did I miss anything[/quote]
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