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How do you write a letter to gift a car.

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Icon Mini Profile vitti378





Joined: 14 Sep 2010

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Post Posted: Tue Sep 14, 2010 1:33 pm    Post subject: How do you write a letter to gift a car.
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I am giving a car to my brother and he is paying me $16,000. I want to write him a letter because if I do in RI you do not have to pay sales tax on a gift. How do I write it. Do I include the amount he is giving me or not. Please help.
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10460
Location: Nevada
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Post Posted: Tue Sep 14, 2010 7:57 pm    Post subject:
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Hi vitti,

You can check out the given page in order to know how you can write a gift letter:
http://www.mortgagefit.com/gift-letter.html

Thanks
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