BADASS of New England

An automobile club for the enthusiast who enjoys the last of the big GM cars. The rear wheel drive B and D bodys. Chevrolet Impala SS, Caprice, 9C1, Buick Roadmaster, Oldsmobile Custom Cruiser, Cadillac Fleetwood
 
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 MA registration/title/sales tax questions

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MASShole9C1



Posts : 4211
Join date : 2009-12-16

PostSubject: MA registration/title/sales tax questions   Sat Jul 04, 2015 8:13 pm

This is for the '88 Caprice that needed the family of the previous owner, to get the title notarized, because the titled owner passed away late last year before this paperwork situation could get straightened out.

So, ok. The title is ready and notarized, HOWEVER, the date on the notary and sellers signature is May 20. It being July now, my questions are this:

Will I have an issue with the seller and buyer signature dates being months off from each other

And

What type of tax penalty should I expect since my title transaction will be a considerable amount of weeks past the 10 day law.

Also, should I just put the date I actually go to the insurance agent, or match the date of the seller? Obviously the car is from out of state and it was shipped. Does the RMV care about that? The price of what I paid on the bill of sale is $400.

Thanks!
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Ironfistdog



Posts : 2124
Join date : 2011-01-11
Age : 35
Location : Warren, MA

PostSubject: Re: MA registration/title/sales tax questions   Sat Jul 04, 2015 9:59 pm

Dates shouldn't matter as the owner is passed on and can't re-sign. Massachusetts only cares that they get their precious money.....

You are definitely going to pay more for taxes (dated to the actual sale date on title)

Expect to pay taxes on what the cars NADA book value is.
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sdstick



Posts : 4278
Join date : 2009-03-20
Location : Revere, MA

PostSubject: Re: MA registration/title/sales tax questions   Thu Jul 09, 2015 6:21 am

I cant remember the rule but I paid penalties for over a year.
Realized my mistake then
Dont think you'll owe any real $ with just a few months.

_________________
Steve


96BBB 28K 3.42 Bolt-ons
95BBB 100K 3.73 383 New DD...already broke fixt the 4L60E twice
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MASShole9C1



Posts : 4211
Join date : 2009-12-16

PostSubject: Re: MA registration/title/sales tax questions   Thu Jul 09, 2015 12:09 pm

sdstick wrote:
I cant remember the rule but I paid penalties for over a year.
Realized my mistake then
Dont think you'll owe any real $ with just a few months.

Thanks
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