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06-01-2012, 03:00 PM
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#26 | Wunder? Wonder?? Wander???
Join Date: May 2012 Location: 604
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Tax tax and tax, thats all you ever hear about in vancouver. Yea it is a smart idea to gift your vehicles cuz they cant prove shit. One or another the residents of BC will find another way to pay less tax wherever way it may be, the government takes way too much of our hard earned money and pisses it all away on stupid shit without spending it to improve our quality of life in this city
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06-01-2012, 03:04 PM
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#27 | RS controls my life!
Join Date: Aug 2011 Location: Vancouver
Posts: 722
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I didn't even know this bullshit tax issue existed until I moved to b.c. It doesn't exist in alberta or saskatchewen. This province will find any possible reason to screw us in the ass and waste it on shit that nobody cares about.
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06-01-2012, 03:05 PM
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#28 | Rs has made me the man i am today!
Join Date: Feb 2002 Location: Burnaby
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if the government wants money so badly, they should enforce landlords and tax the rent that they collect.
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06-01-2012, 03:27 PM
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#29 | Rs has made me the woman i am today!
Join Date: Oct 2001 Location: Here! n There!
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put down $1 dollar for the price and add plus "services"....circumvent the law is the name of the game...billionaires do it all the time
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06-01-2012, 03:30 PM
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#30 | Captain Happy Bubble is my Homeboy
Join Date: Jul 2007
Posts: 319
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Originally Posted by tiger_handheld What is stopping someone who wants to purchase an 80k setup a business with an HST# , and purchasing the car under the business? And claiming the paid HST? Then dissolve the business after 1yr. Extra work - but still better than paying 9600.
off topic: does anyone know how the "Property transfer tax" work when one is selling a house? Is it similar to this? | There are general rules in the tax act that prevents that from happening.
If the vehicle is purchased by a corp (like in your example), it gets added to the capital cost account and you can claim CCA on it annually. However, if you dissolve the company at a later date then the vehicle is deemed to have been sold to the shareholder(s) at its capital cost ($80K). But because the corp is an HST registrant, there's deemed HST as well. Therefore, you can claim the refund of $9,600 as an ITC at the time of purchase, but you'll have to pay it back when it's deemed to be sold.
There's a deemed taxable benefit when vehicles are owned by corps but used by shareholders as well.
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06-01-2012, 03:51 PM
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#31 | Driving around in circles
Join Date: Mar 2002 Location: Richmond
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The lowest amount you can put on the form is $100. Anything lower you have to use gift letter
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06-01-2012, 04:48 PM
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#32 | Prince of the Apes
Join Date: Oct 2007 Location: Abbotsford
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sure they can 'fix' this gift idea, but they can't fix the 'i bought it for 100$'. |
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06-01-2012, 06:32 PM
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#33 | I don't get it
Join Date: Aug 2003 Location: Bby
Posts: 401
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Don't forget that you can swap for a vehicle too. Just because it's a car doesn't mean you have to pay cash. I would think that swapping goods for a car is allowed.
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06-01-2012, 06:56 PM
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#34 | RS.net Licensed Sponsor
Join Date: Dec 2008 Location: Vancouver
Posts: 336
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surprise they still have the balls to complain, again and again. Somebody needs to slap some sense into them for a wake up call, this is whore shit afterall. TAxes again and again and again on the same item
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06-02-2012, 04:27 AM
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#35 | Even when im right, revscene.net is still right!
Join Date: Dec 2011 Location: Burnaby, BC
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And people actually scold me for wanting to overrun the government.
Taxing the sale of a used vehicle between private parties is the biggest fucking scam I have EVER layed my eyes on.
A big fuck you to our government, they can suck on my gifted Jetta's tail pipe. |
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06-02-2012, 07:40 AM
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#36 | Banned By Establishment
Join Date: Dec 2003 Location: New West
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Well, all I can think is its not going to matter because when the PST comes back in, there is only going to be 5% on a privately sold car...
Right liberals?
RIGHT?
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06-02-2012, 05:54 PM
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#37 | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: May 2005
Posts: 20,389
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Originally Posted by InvisibleSoul Yeah, I want to hear an official explanation of why they think it's okay to collect tax on the sale of the same vehicle over and over again.
Person A buys new vehicle from dealership for $50000. Pays $6000 tax.
Person B buys that vehicle from Person A for $40000. Pays $4800 tax.
Person C buys that vehicle from Person B for $30000. Pays $3600 tax.
Person D buys that vehicle from Person C for $20000. Pays $2400 tax.
Person E buys that vehicle from Person D for $10000. Pays $1200 tax.
The government has now collected $18000 of tax from this one vehicle that originally cost $50000. WTF. | That's only 36% of the value of the car over several years and paid by several people. Compare to the vechicle tax around the world, 36% is very little.
Again, they can't really stop the dodging, it's used car afterall, there's no real price out there. All the people will be driving NSX if it's according to the depreciation rate.
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06-02-2012, 06:16 PM
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#38 | I want to be a person and not an icon.
Join Date: Jan 2010 Location: Mugello
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My buddy just sold as Ducati on Craigslist for 10k.
A RCMP officer bought it and he asked to write it as a "gift"
He said he has paid the government enough with his job.
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06-02-2012, 06:23 PM
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#39 | Hacked RS to become a mod
Join Date: Feb 2002 Location: Sunny Hong Kong
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IIRC, paying things like fines and traffic tickets are taxed too |
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06-02-2012, 09:33 PM
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#40 | Even when im right, revscene.net is still right!
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If this window of Gifting will become closed or Force-taxable then the new "scam" will be even trades. Trading my porsche cayenne for a Ford Pinto and claiming even value. I see alot of cheap junker cars being purchased to accommodate this trade scam. $500 car instead of 5,000-10,000 in taxes.
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06-02-2012, 10:42 PM
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#41 | Marcosexual Fan Club, CEO
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Originally Posted by ajax Almost as much of a scam as paying tax on a car every time its sold. Its not like the people selling privately are making money off it. | The government hates competition.
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06-02-2012, 10:53 PM
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#42 | Marcosexual Fan Club, CEO
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Think of it as a tax on the transaction. BC is the most socialist province in Canada. Most people on this board have taken more from government entitlements than they have contributed in tax revenue anyway, so I'm not sure why people here complain. It's high income earners like me that eventually get chased out of the Province because I refuse to pay tax to support the deadbeats that can't get their shit together.
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06-03-2012, 01:10 AM
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#43 | RS.net, where our google ads make absolutely no sense!
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Originally Posted by !Kodamu The lowest amount you can put on the form is $100. Anything lower you have to use gift letter | You can declare 90% below market value but it has to be justified. The gift letter is not always necessary.
I should really get a "NEEDS REPAIRS" Stamp for those (APV9T) Transfer forms. Writing it out all the time is so tedious.
SST Social Service Tax has been around for a while now, even before C.R.A needed carbon copies from I.C.B.C . It used to be 7% before the HST came and raped it to 12%, and now will drop back to 7% again.
I don't know how this "Trade Scam" is gonna work in your favor exactly since they have Blue/black books of MSRP/retail price on every vehicles up to 25 years old. And if the trade is unfair there has to be a justification anyways. Might as well stick with the "Car's a POS" or "Needs all the parts".
I wonder if trading for "Goat" on farm use vehicles is an acceptable bartering justification. |
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06-03-2012, 01:46 AM
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#44 | Ready to be Man handled by RS!
Join Date: Jan 2009 Location: Surrey
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Taxes are retarded, and so is the government lmfao. Ridiculous.
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06-03-2012, 07:04 AM
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#45 | Banned By Establishment
Join Date: Dec 2003 Location: New West
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I like how he calls it "stealing from British Columbians"...no, you asshole, YOU are stealing from British Columbians. We are trying to keep our money.
I don't need the government to decide how much better they are at spending my money than I am.
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06-03-2012, 09:09 AM
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#46 | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
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LOl if why not then tax all private sales including craigslist, RS BUY and Sell, kijiji, vansky.......
They should just put a tax on any 2nd hand car that made a profit on the seller side. There will always be loopholes. Want to collect tax? ppl will just put a lower amount for the car when they sell/buy it on paper or maybe even do the transcation elese where (say buy it across the boarder).
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06-03-2012, 11:52 AM
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#47 | Captain Happy Bubble is my Homeboy
Join Date: Oct 2005 Location: Vancouver
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Yep, next thing you know, you will get taxed at your next garage sale purchase...
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06-03-2012, 12:19 PM
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#48 | I *heart* Revscene.net very Muchie
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This is a pretty good article against paying taxes for used-private sale cars: Don
I'm opposed to paying tax on used private sale cars, but I can't stand people who ask and expect that I will gift them a car I am selling, or even ask me to mark $1000 less to save $120 in tax. Quote:
Originally Posted by Cman333 Fucking government.
Tax is just stupid here. If I buy something for the shop they charge 12%, then I resell it I charge 12%. The people I bought from got charged 12% etc etc.
A $100 item probably made the gov't $25+. Retarded. Let alone they taxed our income that bought the $100 item.
Seriously. | The whole point of HST was that as a business you can claim back the entire 12% HST you paid when you file your taxes for the business, and so can your supplier, and his supplier, etc etc. So only the end purchaser actually pays the 12% unless your bookkeepers are incompetent. I'm guessing you voted HST out since it doesn't sound like you understand that point? Quote:
Originally Posted by murd0c To me it sounds like the people in BC are smart by gifting vehicles since it is a legal loophole. They are trying to close it which will make things tougher but we will find another way to get away from the goverment fucking us. | Thing is, its NOT a legal loophole since people are obviously taking money in exchange for their used cars. So people participating are not using the loophole legally, they are just banking that it cannot be proven. Whether you justify this by saying we get taxed too much already, tax on used personal goods are bs, etc etc, still doesn't make it legal. Quote:
Originally Posted by k00laid Yea it is a smart idea to gift your vehicles cuz they cant prove shit. One or another the residents of BC will find another way to pay less tax wherever way it may be, the government takes way too much of our hard earned money and pisses it all away on stupid shit without spending it to improve our quality of life in this city | It may be smart until you are busted and who knows what will happen. I've never done this in my vehicle sales or purchases due to the possible chance of getting caught, and not knowing what the consequences will be over a couple hundred bucks--tax evasion is something taken more seriously than DUI or murder. From the sounds of things, it doesn't sound like the chance of getting caught is even remotely slight if there are people getting away with 'gifting' $50k+ cars and all the gov can say is 'this is not right'. Quote:
Originally Posted by Gridlock Well, all I can think is its not going to matter because when the PST comes back in, there is only going to be 5% on a privately sold car...
Right liberals?
RIGHT? | Pre-HST there was still 8% PST that was charged/paid for private car sales in BC. So yes, it will matter to the province all the same. Quote:
Originally Posted by Mr.HappySilp LOl if why not then tax all private sales including craigslist, RS BUY and Sell, kijiji, vansky....... | I believe back in the PST days, all people were supposed to collect PST on privately sold goods, even for a $100 iPod, then report it when you file your personal income taxes. Obvious flaw to that was there was zero way of enforcing it, no paper trail at all, and nobody gave a damn.
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06-03-2012, 02:09 PM
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#49 | Banned By Establishment
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The thing of it is, i could ask for the tax to be removed, like Saskatchewan, but the tax and spend NDP and Liberals can't handle not having excess funds to play with.
They think its a crime that people aren't handing over money to the government when they buy a used car. I say fuck you. You buy a new car, you pay tax. You buy a used car, you pay tax. You buy a new house, you pay tax. You buy a used house and what now?
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06-03-2012, 07:33 PM
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#50 | Ready to be Man handled by RS!
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The taxman will always want more.....
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