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Old 07-28-2010, 11:19 AM   #14
KenyanSandBoa
The Nightman Cometh...
 
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Join Date: Jan 2010
First Name: Jim
Location: Massholia
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KenyanSandBoa is a jewel in the roughKenyanSandBoa is a jewel in the roughKenyanSandBoa is a jewel in the rough
Default Re: I don't understand this..

Quote:
Originally Posted by chachee52 View Post
The story about saving money on the registration is false in MA. It doesn't matter how much you sell it to him for it's the price that the books go by for the taxes (or that might be in NH, I've changed back and forth I get confused).
Todd


He could save on the sales tax, but the excise tax is based on book value, so he wouldn't save anything there.

I hope everythin works out, Bao...I think you would be safe with the police knowing the details. Best of luck.
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