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Reply to "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)"
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[quote=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; [/quote]
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