Quote:
Originally Posted by RockingCPA
As my new member name indicates, I'm a CPA (Certified Party Animal hehehe). Here's the law. If you take possession in CA, you are subject to CA sales tax. I found this out on the old BPS E46 M3 that I sold to a guy in NM. The law used to be that you could get a 24 hour pass to leave CA and you could drive it out of state immediately and not be subject to CA S/T. NOW, you have to ship it out of state to avoid CA S/T. So, the buyer of my E46 (just 5 months ago) arrange for a car transport company to come and pick up the car end carry it to NM. Presto...no CA sales tax. He paid sales tax and reg fees only in his resident state.
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What if the owner drives it to the border of California and delivers it to the buyer? Then would the buyer have to pay CA tax?