gifting a car to your son

Kent, WA Viewed 37 times. Posted 2 months ago in Contracts / Agreements

If I want to give my car to my son and transfer title what price do I put down. Free? $100?. Will he have to pay taxes on blue book price of car. If I sell for $100 would I have to pay taxes on what I sold. Not sure of the easiest way to do this.
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Answers (1)

John Robert Rizzardi

This attorney is licensed in Washington and 1 other state. Posted 2 months ago.

Washinton imposes a tax on the sale. For answers, see: http://www.dol.wa.gov/vehicleregistration/usetax.html

That should answer a lot of your questions. The parameters for gifting cars appear on that page.

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gifting a car to your son

Answers (1)

John Robert Rizzardi

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