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Yasiru
Yasiru asked in Business & FinanceTaxesOther - Taxes · 7 years ago

I want to go to a another country and I want to take my car with me? Will I have taxes?

I want to go to another country and I want to take my car with me? will I have taxes? If I give it to my friend will he has taxes? If Can how to do it? Help me... many thanks for answers....

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  • tro
    Lv 7
    7 years ago
    Favorite Answer

    taxation on the vehicle will depend on the laws of the country you are taking it

    and no your friend will not pay taxes on it if you give it to him, if he sells it because he already has a car, yes, he might owe taxes for the sale

  • ?
    Lv 7
    7 years ago

    Yes. It's called import duties. The import duties are paid against the total value of the car plus any shipping / freight costs. Buy the cargo insurance for $50. Ships sink.

  • Cathi K
    Lv 7
    7 years ago

    Most likely the cost of transporting the car is not worth it.

  • ?
    Lv 7
    7 years ago

    depending where u going - can cost more than car is worth.

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