MotoHouston.com MotoHouston.com
Register Members List Member Map Media Calendar Garage Forum Home Mark Forums Read

Go Back   MotoHouston.com > Off Topic (everything else) > Off Topic
Forgot info?

Welcome to MotoHouston.com! You are currently viewing our forums as a guest which gives you limited access to the community. By joining our free community you will have access to great discounts from our sponsors, the ability to post topics, communicate privately with other members, respond to polls, upload content, free email, classifieds, and access many other special features. Registration is fast, simple and absolutely free, join our community!

Register Today!

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


Like us on Facebook! Regular shirt GIVEAWAYS and more

Advertisement

Reply
Share This Thread: 
Subscribe to this Thread Thread Tools
Old 11-26-2007, 04:52 PM   #1
witchdoctor575
certified shutterbug
 
witchdoctor575's Avatar
 
Join Date: Aug 2005
Location: Alvin
Feedback Rating: (11)
Posts: 23,547

Experience: 10+ years
Trackdays: 1

Bike(s):
07 triumph D675(sold)
05 busa LE (sold)
03 rc51 (sold)
99 superhawk (wrecked)
01 shadow 1100 (sold)

Member Garage





registering a truck

I have a question for some one who knows. Will it be cheaper on taxes to say the 1953 chevy truck I got was a gift or a trade...because technically it could be both.
witchdoctor575 is offline   Reply With Quote
Similar Topics
Thread Thread Starter Forum Replies Last Post
registering a trailer 40acres General Discussion (Moto Related) 6 03-22-2015 11:57 AM
Registering my bike Crash Jackson General Discussion (Moto Related) 8 05-03-2012 06:24 PM
Registering a Trailer FKNA Off Topic 10 04-04-2011 10:53 AM
Registering an unreged bike? Fil General Discussion (Moto Related) 8 01-04-2011 04:03 PM
registering new bike n|k General Discussion (Moto Related) 3 07-27-2007 04:03 PM
Advertisement
Old 11-26-2007, 04:59 PM   #2
wever411
Gunt Puncher
 
wever411's Avatar
 
Join Date: Jan 2007
Location: League City
Feedback Rating: (8)
Posts: 7,570

Experience: 3 years











i know it's only $10 if you register it as a gift. now when people sell cars on their own, they go by standard presumptive value to calculate taxes which you might be able to check here if they can do it for a 53 :dontknow: http://www.dot.state.tx.us/services/...tive_value.htm
__________________
wever411 is offline   Reply With Quote
Old 11-26-2007, 05:01 PM   #3
CarbonJames
LSTD/TTBC Instructor
 
CarbonJames's Avatar
 
Join Date: Apr 2005
Location: ELLIS TD
Feedback Rating: (1)
Posts: 13,769

Experience: 1-3 months
Trackdays: 1

Bike(s):
13 250sx
13 350sxf
12 150sx
07 CRF 230
04 CRF 50/70

Member Garage





what about registering as an antique vehicle?
CarbonJames is offline   Reply With Quote
Old 11-26-2007, 05:04 PM   #4
witchdoctor575
certified shutterbug
 
witchdoctor575's Avatar
 
Join Date: Aug 2005
Location: Alvin
Feedback Rating: (11)
Posts: 23,547

Experience: 10+ years
Trackdays: 1

Bike(s):
07 triumph D675(sold)
05 busa LE (sold)
03 rc51 (sold)
99 superhawk (wrecked)
01 shadow 1100 (sold)

Member Garage





Quote:
Originally Posted by wever411 View Post
i know it's only $10 if you register it as a gift. now when people sell cars on their own, they go by standard presumptive value to calculate taxes which you might be able to check here if they can do it for a 53 :dontknow: http://www.dot.state.tx.us/services/...tive_value.htm

cool...I can afford 10 bucks...that site says for vehicles 25 years and older they do not do the presumed value. I guess either way it will be cheap.
witchdoctor575 is offline   Reply With Quote
Old 11-26-2007, 05:05 PM   #5
witchdoctor575
certified shutterbug
 
witchdoctor575's Avatar
 
Join Date: Aug 2005
Location: Alvin
Feedback Rating: (11)
Posts: 23,547

Experience: 10+ years
Trackdays: 1

Bike(s):
07 triumph D675(sold)
05 busa LE (sold)
03 rc51 (sold)
99 superhawk (wrecked)
01 shadow 1100 (sold)

Member Garage





Quote:
Originally Posted by CarbonR1 View Post
what about registering as an antique vehicle?

I wasn't sure if I want to do that...they have yearly mileage restrictions if I go that route.
witchdoctor575 is offline   Reply With Quote
Old 11-26-2007, 05:10 PM   #6
wever411
Gunt Puncher
 
wever411's Avatar
 
Join Date: Jan 2007
Location: League City
Feedback Rating: (8)
Posts: 7,570

Experience: 3 years











oh wait, read the question again. the $10 is just the gift tax when applying for a title. i think it's another $25 for the title application fee. not sure how much actual registration is.
__________________
wever411 is offline   Reply With Quote
Old 11-26-2007, 05:14 PM   #7
witchdoctor575
certified shutterbug
 
witchdoctor575's Avatar
 
Join Date: Aug 2005
Location: Alvin
Feedback Rating: (11)
Posts: 23,547

Experience: 10+ years
Trackdays: 1

Bike(s):
07 triumph D675(sold)
05 busa LE (sold)
03 rc51 (sold)
99 superhawk (wrecked)
01 shadow 1100 (sold)

Member Garage





Quote:
Originally Posted by wever411 View Post
oh wait, read the question again. the $10 is just the gift tax when applying for a title. i think it's another $25 for the title application fee. not sure how much actual registration is.

I figured that...I was just wondering about the taxes that I will have to pay. I need to get the "green" slip first. I know the title fee and yearly tag fee are separate costs.
witchdoctor575 is offline   Reply With Quote
Old 11-26-2007, 05:29 PM   #8
witchdoctor575
certified shutterbug
 
witchdoctor575's Avatar
 
Join Date: Aug 2005
Location: Alvin
Feedback Rating: (11)
Posts: 23,547

Experience: 10+ years
Trackdays: 1

Bike(s):
07 triumph D675(sold)
05 busa LE (sold)
03 rc51 (sold)
99 superhawk (wrecked)
01 shadow 1100 (sold)

Member Garage





this is from the texas web site concerning antique vehicles.

Antique Vehicle Antique license plates are issued for cars, trucks or motorcycles that are at least 25 years old and are a collector’s item. The vehicle must be used exclusively for exhibitions, club activities, parades or other functions of public interest. Vehicles displaying Antique plates may not be used for regular transportation or carry advertising. The vehicle may be driven to and from a location for routine maintenance.
Antique plates are issued for five-year periods. The registration fee for the five-year period is $50.30 ($10 per year, plus an additional 30 cents for the registration insignia) for vehicles manufactured in 1921 and subsequent years and $40.30 ($8 per year, plus an additional 30 cents for the registration insignia) for vehicles manufactured in 1920 and prior years. Fees are reduced $10/$8 for each year of the period that has elapsed at the time the application is filed.
witchdoctor575 is offline   Reply With Quote
Old 11-26-2007, 05:53 PM   #9
houseofpaint
PM for BESTPRICE on parts
 
houseofpaint's Avatar
 
Join Date: Jul 2006
Location: Spring, TX
Feedback Rating: (7)
Posts: 9,486

Experience: 10+ years
Trackdays: 10+

Bike(s):
2010 Yamaha R1 racebike
2012 GSXR750 Racebike
2003 DRZ125 semiflattracker


Member Garage





Send a message via AIM to houseofpaint
if you do the "trade" option....they will want to know what vehicle you traded it for...and the worth of that vehicle....

"gift" tax will be your best option...and least amount of hassle.
__________________
www.facebook.com/HouseOfPaintDesigns
Follow us on Instagram @hopdesigns

Custom Paint, Powdercoating, and Collision repair (Cars and bikes)[/b]
houseofpaint is offline   Reply With Quote
Old 11-26-2007, 05:55 PM   #10
witchdoctor575
certified shutterbug
 
witchdoctor575's Avatar
 
Join Date: Aug 2005
Location: Alvin
Feedback Rating: (11)
Posts: 23,547

Experience: 10+ years
Trackdays: 1

Bike(s):
07 triumph D675(sold)
05 busa LE (sold)
03 rc51 (sold)
99 superhawk (wrecked)
01 shadow 1100 (sold)

Member Garage





Quote:
Originally Posted by houseofpain View Post
if you do the "trade" option....they will want to know what vehicle you traded it for...and the worth of that vehicle....

"gift" tax will be your best option...and least amount of hassle.

I see...thanks.
witchdoctor575 is offline   Reply With Quote
Reply


Thread Tools

Advertisement


All times are GMT -5. The time now is 07:43 AM.


MotoHouston.com is not responsible for the content posted by users.
Privacy Policy