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Old 10-29-2008, 08:29 PM
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Massachusetts DMV

JUst dropped by the registry to inquire as to what I need to title my 31, purchased in 1975. I am just completing after being in storage since then.
Was informed I'd have to pay the sales tax on the book value(todays I guess)and pay all penaltie PLUS INTEREST!?! As I did not pay it in 75 and did not title it then.

WHAT CAN I DO ? To avoid this. I would pay the sales tax on the purchase price , but the interest will be EXTREMELY unfair.

They said the "COMPUTER" will have to figure it!

Cripes. what a state ,TAXachusetts!

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Old 10-30-2008, 05:54 AM
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dmv

Sell the car to a trusted friend- then buy it back- then register it and pay the
tax on it without a penalty. Jim
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Old 10-30-2008, 06:27 AM
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The stated value back "then" should be what the back interest is based on, not today's valuation.

I'd bet if you could find your state DMV statues from 75, it likey will say that sales tax would be based on the bill of sale at that time, not an antique car price guide.

I am not a laywer...or an accountant
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Old 10-30-2008, 11:40 AM
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In California all you would need to do is "loose" the pink. Then walk in like you just bought it with no pink. It wouldn't even be in their records after 7 years they couldn't find it if they wanted to.

Brian
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Old 10-30-2008, 04:41 PM
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Its MA what did you expect. You can change the date on the title, there is a simple form to do this that a good insurance person can help you with. I know because my daughters was wrong. Do you have an old registration for the car. If so you can get a new reg and title by using that and forget the old title.
I tried it their way when I put my T-Bucket on the road but they make it impossible. I ended up aquiring an old registration for the same model and it went smooth as glass. You will have to pay tax on the book value as of today, you cant get around that unless you purchased the car from a relative like a grandmother who may have not had the same last name.

Good luck, I have also found the smaller offices to be much more helpful. Usually if you go arround closing time they will help you out just so they can go home

Chet
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Old 10-30-2008, 04:42 PM
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Up here , in the northern backwoods......a person buying a vehicle has 6 business days from the date of purchase to transfer ownership.....but we are simple folk......I wouldn't lay a wrench on a car that wasn't in my name....but that's just me.
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Old 10-30-2008, 04:43 PM
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Quote:
Originally Posted by Cape Cod Bob
JUst dropped by the registry to inquire as to what I need to title my 31, purchased in 1975. I am just completing after being in storage since then.
Was informed I'd have to pay the sales tax on the book value(todays I guess)and pay all penaltie PLUS INTEREST!?! As I did not pay it in 75 and did not title it then.

WHAT CAN I DO ? To avoid this. I would pay the sales tax on the purchase price , but the interest will be EXTREMELY unfair.

They said the "COMPUTER" will have to figure it!

Cripes. what a state ,TAXachusetts!
The other thing is that tax rule is new,only the last 5 or 6 years or so.
Ask for a supervisor, sometimes the ones at the counter dont know all teh rules.
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Old 10-30-2008, 07:00 PM
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Why didn't you get it in your name immediately after possession ?

Don't understand
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Old 10-30-2008, 08:22 PM
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It wqasn't something OI thought was going to be a problem. I thought I would have it built within a couple years and.... well .

I suppose I could claim it was left in the family and to me from my Dad from his Mom. They are all gone now and so are all the records. Don't ghave to pay sales tax on gift autos from immediately family.
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