Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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#17
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When you buy a car in Maine you pay tax on sales price (obviously). Thereafter on an annual basis you are charged registration based on the declining value of the car. Crazy.
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#18
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But you may notice that the folks in that run the “estate sales” do charge sales tax.
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#19
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FL Sales Tax: Occasional Isolated Sales Exemptions. |
#20
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Even our UK tax addicted government, do not claim any tax on private sales.
But, anything from a business, they are there with their hand out. 20% as well. That is why I will only deal with tradesmen who will accept cash. I can't dodge it with materials, but I refuse to pay it for labor. The government still tax our pensions and savings, that's enough as far as I am concerned. Last edited by Two Bills; 03-15-2024 at 05:51 AM. |
#21
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Golf carts are not required to be titled or registered and, therefore, are not required to be insured with PIP and PDL insurance coverage. Golf cart operators are not required to have a driver license; however, to operate a golf cart on designated public roadways, a person must be 14 years or older. Really simple to understand..
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#22
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State no, but federal, maybe! I think this passed in 1970. Remember any bank deposit over $10,000 is reported to the IRS, then some form 8xxx has to be filled out. What people have had to do is prove to the IRS this was not capital gains/gift, which means if you sell your golf cart for less than what you pay for it, then you need to prove this if audited and you pay no tax, but if you sold a golf cart for $15,000 but paid $12,000, they will be looking for a tax on the $3000. Keep your records of your large purchases
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#23
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#24
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Slang
Please remember......... a cart is something you push or pull, a
car is something you drive, the slang of golf cart has been used over the years by the less educated, the proper term is golf car. You can license plate a golf car, no need to license plate your push or pull cart. The word private means, having no official or public role or position, so if your private sale hits the IRS lights it is no longer private. Slang can be confusing, BUT, proper English is definitive. |
#25
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Many years ago in Florida, I sold a used projection TV via a classified ad. No sales tax was involved in that transaction; there is no mechanism to collect the sales tax for such transactions. If I sold a used motor vehicle to an individual, the registration of that vehicle would have to be changed, and I suspect a sales tax would have to be paid at that time. Since golf carts (and old projection TVs) do not have state of Florida registrations, there is no mechanism to collect sales tax.
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#26
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12A-1.037 : Occasional or Isolated Sales or Transactions Involving Tangible Personal Property or Services - Florida Administrative Rules, Law, Code, Register - FAC, FAR, eRulemaking |
#27
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I think you're exactly right. I think by law, there is Sales Tax on a private sale, used Golf Cart. I can't find anything to the contrary. That said, I don't anyone really pays that sales tax and as long as it never has to be "registered" in any way, I suppose it's reasonably safe ... unless the Florida Taxing authorities, are read TOTV. |
#28
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__________________
Everywhere “ There are those who believe something, and therefore will tolerate nothing; and on the other hand, those who tolerate everything, because they believe nothing.” - Robert Browning |
#29
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Because they do more than 2 a year and are a legitimate business that makes a profit on their work. When I rented out my Village home for a couple of years (less than 6 month lease), I registered with FL and collected sales tax and submitted it to the state within the month after the tenant moved out. I’m going to guess if your buy old furniture, fix and refinish it and sell it, you would collect sales tax and also pay some income tax. Probably the same as if you sold golf carts out of your driveway. So buying the used golf cart from your neighbor, no title and they are not in the business of selling golf carts, no sales tax is collected.
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#30
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__________________
Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works. Confirmation bias is real; I can find any number of articles that say so. Victor, NY Randallstown, MD Yakima, WA Stevensville, MD Village of Hillsborough |
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