Maryland MVA titling laws?
My 540 is registered and titled in Michigan, and I want to sell my car to my younger brother who just moved to MD from NYC. If you are familiar w/ MD motor laws, can you tell me if he is exempt from paying 5% tax for the purchase, or does he have to pay the 5% tax? thx
You can gift it to your brother w/o paying taxes.
I thought they would only allow a gift transfer if
the gifted vehicle was already registered in MD?
'91 850i schwartz black on black
'93 750iL schwartz II black on black
'94 Dodge Dakota Magnum V8
'00 Jaguar S-Type V8
Re: I thought they would only allow a gift transfer if
yup... not applicable for cars registered outofstate per MVA website. :(
how about registering the car
under your name in MD and then gift it to your brother so that no one pays the 5% tax. Registration will have to be paid either way.
Re: Maryland MVA titling laws?
You can get a form from maryland mva for gifts, this will elimate the sales tax. It may not elimate the md state vehicle inspection, prior to taging it. they do have a 15/ or 30 day temporary tag for transportation purposes to and from the inspection station,unless you want to leave your tage on it until it passes.
reference to the gift form if you and your brother do not have the same last name proof has to be shown probably birth certificates that prove you are brothers. need to have a clear title, with the lien release if there was one. also as he's moving here he'll need to get a md license probably before he tags the car. Pretty much all of the informarion you need is on their web site you simply have to wade through it. the main office in Glen Burnie is open on Sat. for licenses only, and its possible depending where he will be living that there is a branch office near him. Good Luck
ProV1 would have to pay the tax