English, asked by abhishri93, 2 months ago

make a policy on gifting a car​

Answers

Answered by kabitanayak526
1

Answer:

Pay off your car loan.

Think about the giftee's financial situation.

Make sure you can afford to pay gift tax.

Don't worry about sales tax if you already own the car.

Write up a bill of sale.

Transfer your car title.

Insure the giftee.

More coverage from How to Do Everything: Money.

Similar questions