Thread: Paying taxes on these cars
View Single Post
  #1 (permalink)  
Old 06-20-2011, 02:02 PM
Joe Wicked's Avatar
Joe Wicked Joe Wicked is offline
CC Member
Visit my Photo Gallery

 
Join Date: Aug 2007
Location: Lavon, TX
Cobra Make, Engine:
Posts: 3,008
Send a message via Yahoo to Joe Wicked
Not Ranked     
Default Paying taxes on these cars
I have read that if you show receipts for taxes paid for parts during building you don't have to pay taxes, but what are the taxes you have to pay if you don't have those. For example, lets say I win the LCS raffle this coming weekend and I bring the car here to Texas or I find a killer deal I can't pass up and bring the car here. How much would I be paying for the taxes. I have been able to find that it is based on the value of the car not what I paid for it, but not a % of what that is. So if I had a car that had a $30K value, would I be expecting to pay $1000, $3000, $5000, etc...

Thanks for any input.
__________________
Why do they call it "Common Sense" when it is so rare?
Reply With Quote