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What proof of tax paid is needed when a car is won in a raffle?

car needed paid proof raffle tax won
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What proof of tax paid is needed when a car is won in a raffle?

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The proof needed would be the fact the vehicle was won in a raffle. The person winning a car would not owe tax since it would not be a purchase, nor is it a gift. Therefore, it would be exempt from tax.8. If a vehicle is brought into the state as a gift, would the receiver be responsible for tax based on the estimated value of the vehicle? ANSWER: No. The tax base is the purchase price, which is the donors responsibility if tax has not been previously paid.9. Is a gift (car purchased to give away) taxable to the purchaser? ANSWER: Yes. The donor is responsible for the tax.10. If the purchase price is given as $1.00 and $.03 tax is paid and a few days later, a lien of $4,000.00 is listed, what can be done? ANSWER: You should contact an agent of the Iowa Department of Revenue in your area and ask him to investigate the actual sales transaction.11. If a dealer transfers a car to his leasing company, does he owe tax? ANSWER: Yes. Tax would be due on the purchase price paid by the leasing e

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