E46 BMW Social Directory E46 FAQ 3-Series Discussion Forums BMW Photo Gallery BMW 3-Series Technical Information E46 Fanatics - The Ultimate BMW Resource BMW Vendors General E46 Forum The Tire Rack's Tire Wheel Forum Forced Induction Forum The Off-Topic The E46 BMW Showroom For Sale, For Trade or Wanting to Buy

Welcome to the E46Fanatics forums. E46Fanatics is the premiere website for BMW 3 series owners around the world with interactive forums, a geographical enthusiast directory, photo galleries, and technical information for BMW enthusiasts.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact contact us.

Go Back   E46Fanatics > BMW Regional Forums > Regional Forums > New England

New England
Have you seen another BMW while driving around in your area? Maybe you can find their car in the E46Fanatics Garage!
MA ME NH RI VT

If you don't have your garage setup, sign up today HERE

Reply
 
Thread Tools Search this Thread Rating: Thread Rating: 8 votes, 5.00 average. Display Modes
Old 09-03-2008, 03:54 PM   #1
sna77
OEM ///Member
 
sna77's Avatar
 
Join Date: Jan 2005
Location: MA
Posts: 7,704
My Ride: BMW
Can you gift a car to a non family member in MA?

Anyone know? I found the gift form online:
http://www.mass.gov/Ador/docs/dor/Fo...DFs/mvu_24.pdf

But can't find anything stating if its only for immeditate family... I believe I'd heard something about that before...
sna77 is offline   Reply With Quote
Ads by Google

Guests, get your FREE E46Fanatics.com membership to remove this ad.
Old 09-03-2008, 09:25 PM   #2
sna77
OEM ///Member
 
sna77's Avatar
 
Join Date: Jan 2005
Location: MA
Posts: 7,704
My Ride: BMW
OK, my insurance agent found it for me:
http://www.mass.gov/rmv/regs/reg3.htm

You can now gift a car to a friend as well as a family member, provided they fill out an affidavit
sna77 is offline   Reply With Quote
Old 09-04-2008, 09:22 AM   #3
sunydude
Registered User
 
Join Date: May 2006
Location: Boston
Posts: 1,642
My Ride: Boost
Feeling generous enough to gift a car Steve...
__________________


E46 325i - sold
E46 M/// - sold
2011 WRX - sold !!!

Back to BMW :-)
sunydude is offline   Reply With Quote
Old 09-04-2008, 10:36 AM   #4
Addy25
Registered User
 
Join Date: Sep 2005
Location: Windy Chicago
Posts: 707
My Ride: TitanSilber m3 Vert.
Send a message via AIM to Addy25
Thanks for the offer Steve, but I dunno if i can afford to insure 2 e46s
__________________
Addy25 is offline   Reply With Quote
Old 09-04-2008, 10:46 AM   #5
00BMW540i6
Registered User
 
Join Date: Apr 2008
Location: Manchester, NH
Posts: 367
My Ride: 2000 BMW 540i 6speed
Send a message via AIM to 00BMW540i6
Yes, you can...but gift taxes aren't cheap.
__________________

'00 540i 6-speed 97k mi - 13.91 @ 100 - 260 RWHP & 311 RWTQ - OEM '00 M5 tails, OEM '03 M-tech rear bumper, deleted Y-resonator & rear silencer w/ Magnaflow 14834, 6000k fogs, CDV delete, M5 rear swaybar, Akebono ceramic pads, Brembo rotors, AMSOIL
00BMW540i6 is offline   Reply With Quote
Old 09-04-2008, 10:56 AM   #6
sna77
OEM ///Member
 
sna77's Avatar
 
Join Date: Jan 2005
Location: MA
Posts: 7,704
My Ride: BMW
Quote:
Originally Posted by 00BMW540i6 View Post
Yes, you can...but gift taxes aren't cheap.
are the taxes cheaper than the sales tax would be? My father is giving one of his friends his old pickup truck, probably worth $2k. He was just going to sell it to him for $1. Then the friend suggested the gift option... Would the taxes on receiving the gift be greater than the sales tax, etc?
sna77 is offline   Reply With Quote
Old 09-04-2008, 11:04 AM   #7
00BMW540i6
Registered User
 
Join Date: Apr 2008
Location: Manchester, NH
Posts: 367
My Ride: 2000 BMW 540i 6speed
Send a message via AIM to 00BMW540i6
Quote:
Originally Posted by sna77 View Post
are the taxes cheaper than the sales tax would be? My father is giving one of his friends his old pickup truck, probably worth $2k. He was just going to sell it to him for $1. Then the friend suggested the gift option... Would the taxes on receiving the gift be greater than the sales tax, etc?
Sell, don't gift. In most states gift tax is 20% or more.
__________________

'00 540i 6-speed 97k mi - 13.91 @ 100 - 260 RWHP & 311 RWTQ - OEM '00 M5 tails, OEM '03 M-tech rear bumper, deleted Y-resonator & rear silencer w/ Magnaflow 14834, 6000k fogs, CDV delete, M5 rear swaybar, Akebono ceramic pads, Brembo rotors, AMSOIL
00BMW540i6 is offline   Reply With Quote
Old 09-04-2008, 01:23 PM   #8
sna77
OEM ///Member
 
sna77's Avatar
 
Join Date: Jan 2005
Location: MA
Posts: 7,704
My Ride: BMW
thanks. Will look into the MA gift tax
sna77 is offline   Reply With Quote
Old 09-05-2008, 11:05 AM   #9
sna77
OEM ///Member
 
sna77's Avatar
 
Join Date: Jan 2005
Location: MA
Posts: 7,704
My Ride: BMW
just talked to my CPA firends... You can gift up to $12k per year tax free per person, so no worries about gifting the car...
sna77 is offline   Reply With Quote
Old 09-06-2008, 09:42 AM   #10
Davidjay
Registered User
 
Davidjay's Avatar
 
Join Date: Feb 2004
Location: Massachusetts
Posts: 8,502
My Ride: 2004 X3 3.0
Send a message via AIM to Davidjay
Quote:
Originally Posted by sna77 View Post
just talked to my CPA firends... You can gift up to $12k per year tax free per person, so no worries about gifting the car...
Damn buddy are you planning on gifting me your car for my birthday???

to me LOL...
__________________
Davidjay is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Censor is ON





All times are GMT -5. The time now is 05:29 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
(c) 1999 - 2011 performanceIX Inc - privacy policy - terms of use