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03-24-2015, 11:13 PM
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#1
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2 Rivet Member
Vintage Kin Owner
San Diego
, California
Join Date: Sep 2014
Posts: 24
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Death and taxes
I'm in California, working on finding a vintage trailer to restore. As I look at out of state trailers, is there anything I can do to minimize the tax hit when I purchase and register the vehicle?
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03-24-2015, 11:20 PM
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#2
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Free Range Human
2012 25' FB Flying Cloud
Currently Looking...
Haines
, Oregon
Join Date: Oct 2008
Posts: 736
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Is per chance the tax based on 'purchase price'? Hmmmm, perhaps there might be a decimal point error in the bill of sale. I know that's not honest, but I hate a tax like that.
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03-24-2015, 11:23 PM
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#3
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Rivet Master
1978 25' Tradewind
Metro Phoenix
, Arizona
Join Date: Jun 2003
Posts: 1,524
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There's an exemption for sales between "family members."
https://www.dmv.ca.gov/portal/dmv/?1...es/howto/htvr1
__________________
"Between what matters and what seems to matter, how should the world we know judge wisely?" - E.C. Bentley, Trent's Last Case
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03-24-2015, 11:40 PM
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#4
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Rivet Master
2005 25' Safari
Salem
, Oregon
Join Date: Mar 2006
Posts: 8,376
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Quote:
Originally Posted by Drathaar
Is per chance the tax based on 'purchase price'? Hmmmm, perhaps there might be a decimal point error in the bill of sale. I know that's not honest, but I hate a tax like that.
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Hi, in California, DMV has a magic chart that shows normal value for most anything. If you bought a car for $1,000.00 but they show it for $10,000.00, they will tax you on the higher amount unless you can prove that the vehicle was damaged or missing the engine and trans. But then they won't license it without an inspection of a complete vehicle. Pay the piper and move on.
Oh, and California DMV knows all of the games.
__________________
Bob 2005 Safari 25-B
"Le Petit Chateau Argent" Small Silver Castle
2000 Navigator / 2014 F-150 Eco-Boost / Equal-i-zer / P-3
YAMAHA 2400 / AIR #12144
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03-25-2015, 05:32 AM
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#5
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Rivet Master
2020 28' Flying Cloud
Upper St Clair
, Pennsylvania
Join Date: Aug 2011
Posts: 2,943
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Move, we are and we are not in CA, but probably leaving for tax purposes only
__________________
2020 28' Twin Flying Cloud
2021 F350 6.7 King Ranch
USAF Master Training Instructor (TI) & (MTI)- 68-72
Volunteer K9 Rehabilitator & Trainer
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03-25-2015, 06:03 AM
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#6
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Rivet Master
1955 22' Safari
Laredo
, Texas
Join Date: Nov 2013
Posts: 1,342
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The good news is that an unrestored trailer of vintatge age will not be on their chart and a a very low purchase price is believable.
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03-25-2015, 06:44 AM
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#7
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Rivet Master
2006 23' Safari SE
I'm In
, Kentucky
Join Date: Dec 2012
Posts: 4,251
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I think most states rely on Kelly Blue Book. I had to call our PVA and discuss our AS with them. Looking it up in KBB by year and model we found the taxable price at considerably lower than our purchase price. Trailers depreciate rapidly and I would think a vintage trailer's residual value would be in the hundreds.
KBB doesn't publish travel trailer values on the web but NADA does, at least back to 1966. You can go here and get an idea:
2015 Airstream Travel Trailer/5th Wheel Prices, Values & Specs - NADAguides
I seriously doubt that they use the purchase price as the taxable value. More than likely it's KBB vs. purchase price, whichever is higher. It's not their first rodeo, ya know.
__________________
-Rich
Rich & Yvonne
2006 Safari SE -Dora-
2004 4Runner SE 4.7L V8
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03-25-2015, 07:08 AM
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#8
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Regular Guy
1978 31' Sovereign
Hot Springs
, Arkansas
Join Date: Aug 2014
Posts: 603
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I lived in San Diego for 6 years. One of the reasons I did not return was the screwed up way the govt was run. You guys really take a beating. Do you have relatives in another state that you could license it in?
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03-25-2015, 07:16 AM
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#9
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3 Rivet Member
Dunwoody
, Georgia
Join Date: Nov 2012
Posts: 155
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I would take some photos of interior with everything demolished when you restore it and get a cheap bill of sale to back it up.
My family has lived in CA for 20 years and are in process of moving because they are tired of all the B.S. with the bankrupt state trying to tax them for all the bad decisions /leadership of the state.
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03-25-2015, 07:16 AM
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#10
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Rivet Master
2020 28' Flying Cloud
Upper St Clair
, Pennsylvania
Join Date: Aug 2011
Posts: 2,943
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For a very expensive purchase we made - 38' motorhome we titled and licensed it in a MT trust and avoided all PA taxes. Paid some for an attorney in MT to set it up and then had a MH in PA with a MT license and title. Never became an issue with anyone. In my opinion for a trailer like an AS and the cost its not worth the effort, probably would need to be over $150,000 purchase for me to consider going the MT route again.
__________________
2020 28' Twin Flying Cloud
2021 F350 6.7 King Ranch
USAF Master Training Instructor (TI) & (MTI)- 68-72
Volunteer K9 Rehabilitator & Trainer
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03-25-2015, 08:22 AM
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#11
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Rivet Master
1976 31' Sovereign
Oswego
, Illinois
Join Date: Jan 2007
Posts: 2,017
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Neighbor took pu out of her corp. 3 yrs. later retitled her name was taxed over $1000 after all taxes pd. when pur Move over Calif. Illinois getting close to same prob.
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03-25-2015, 12:20 PM
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#12
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Rivet Master
2005 25' Safari
Salem
, Oregon
Join Date: Mar 2006
Posts: 8,376
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Hi, California doesn't use Kelly Blue Book. When a new vehicle is first registered, It is assigned a two letter code. This code designates it's original value. Then they have a declining chart showing age and this chart also has a bottom line so at one point the cost will never go lower. The code usually is something like "AN" or "AS" so they just look at the code and check the code on the age chart. Since California is the car buying capital of the world, they have virtually everything listed.
I asked about this once and was shown the chart and my cost for a vehicle in dispute.
__________________
Bob 2005 Safari 25-B
"Le Petit Chateau Argent" Small Silver Castle
2000 Navigator / 2014 F-150 Eco-Boost / Equal-i-zer / P-3
YAMAHA 2400 / AIR #12144
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03-25-2015, 12:27 PM
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#13
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Rivet Master
2008 25' Classic
Full Time
, Texas
Join Date: Nov 2012
Posts: 4,309
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California is running out of money and water. They know where they can get the money but not more water.
Kelvin
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03-25-2015, 12:42 PM
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#14
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4 Rivet Member
2023 25' Flying Cloud
Richmond
, Virginia
Join Date: Dec 2014
Posts: 259
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Set up an LLC in Montana and register it to the corporation. That's how people get around the personal property tax in VA.
How to Form an LLC in Montana | Nolo.com
I, personally, don't advocate it. I live in VA and use it's services, so I pay for them as such. If you don't want to pay to live in CA, don't live in CA (imo).
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03-25-2015, 12:44 PM
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#15
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4 Rivet Member
1973 Argosy 26
1966 30' Sovereign
Currently Looking...
Southern
, Wisconsin
Join Date: Apr 2011
Posts: 273
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I had no trouble in CO with the '66 based upon sale price (I paid lower than NADA) but when it came to another area of fees that was based upon original TV...they were at a loss, as their system only goes back 30-35 years. My guy at the DMV was prety cool about it and guessed low to minimize the impact to me. I wish I could still pay Michigan prices for trailer plates though.
__________________
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