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Transferring a Car Between Siblings
If your sis is gonna take the car back when she returns from the Philippines why ... there has only been a $10 filing fee to change the owner of record... no taxes. ... Your sister will want to gift it and you do not pay any taxes. ...ANSWERS
See all- We have done this a few times. Your sister will want to gift it and you do not pay any taxes. I do not know why there has to be a market value on it, but we just gues...
- When I got married the car that my dad gave me in college he no longer wanted liabilities on. So he gifted the car to me. It was really easy we went into to DMV toget...
- The last couple of times we've done a family transfer there has only been a $10 filing fee to change the owner of record... no taxes.