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MCO/Title-related question: Maryland
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Derpentine Dealer
 
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MCO/Title-related question: Maryland - December 18, 2013, 08:56 PM

I have a MCO on the Beta I'm thinking of selling. It was completed on the back side by the dealership and has my name and address as the first re-assignment of ownership. I never titled it in Maryland because I never got around to tagging it. Therefore, I never paid any sales tax on it.

My question is this. If I sell it, can I just hand over the signed MCO to the buyer? Will I or the buyer be liable for any back state sales or other tax? This is in Maryland, but information specific to Virginia is welcome too.

Thanks a lot.


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December 18, 2013, 09:05 PM

You don't pay tax if you don't title. If you ever title MD will then hit you with the sales tax. There will be no extra fees or fines.
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December 18, 2013, 09:40 PM

Nice, thanks.


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December 19, 2013, 06:00 AM

No problem. Also, note that this is from actual experience and not conjecture. I purchased an off road only bike from a MD dealer without paying taxes then later put a dual sport kit on and got the bike tagged/titled/taxed.
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December 19, 2013, 06:37 AM

Quote:
Originally Posted by KirkRoy View Post
No problem. Also, note that this is from actual experience and not conjecture. I purchased an off road only bike from a MD dealer without paying taxes then later put a dual sport kit on and got the bike tagged/titled/taxed.
Question for ya. When you tagged it I assume you had to pay tax on the purchase price correct? I ask because OSD's potential buyer would need to know do I pay taxes on the price on the MCO or on the BOS for the purchase today? Also the other question would be since the MCO has OSD as the buyer... will MVA shit a brick and make him title it before the new owner can title it?


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December 19, 2013, 07:01 AM

New owner would pay tax based on notarized bill of sale or current book value not original, as new, price. I have no direct experience with giving the MCO to the new owner but the MVA states that the original MCO and a bill of sale are required to title a used off road vehicle. There is some info here: Off Road Vehicle (ORV) - Moped, Motor Scooters, ATVs, Snowmobiles and Off Road Motorcycles
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December 19, 2013, 09:02 AM

It makes sense this way. After all, I didn't use the roads with this vehicle so I shouldn't be taxed for that. The buyer should only pay tax on what we put on the BOS or the NADA value, whichever is higher.

Thanks for the info!


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