Buying a used car from relative in BC
So I need some pointers on buying my sister's car from her.
Car is currently registered in BC, but she is going overseas for school and wants me to sell it for her as my parents don't know a ton about cars. I figured it would be easier to have her sell it to me for $1 next week when she's home, I get the OPI done and then sell it in Alberta. Then just wire her the money, minus any costs for selling.
Now, when I look at the web, it appears that I would have to pay tax on this if she gifted it to me or provide a reason why it's being sold below market value. There also seems to be some BS stipulation that paperwork needs to be handed in at some BC government office?
Any ways to get around all this?
See Crank. See Crank Walk. Walk Crank Walk.