I understand that transfer of a motorcycle from father to son means no RST to be paid... but this sort of has a twist and I would like to understand what can be done at Service Ontario
Estate of Father.. 1969 motorcycle needs to be transferred to son
There is no appraisal done yet.. is one necessary when no tax is required to be paid?
I understand motorcycles don't need an appraisal any way..
a safety inspection hasn't been done .. but it will pass a safety ,, would it be ok to have a safety done at sons expense, or should the estate be expected to pay? ,
son can't afford insurance presently.. so it could be transferred FIT unplated.. with the safety
I suppose there is a fee to transfer it from unplated to plated in the future, so transferring it now as UNFIT and doing the safety at his leisure... at the time he can get insurance , and getting a plate would cost the same .. only a few months down the road.
and is there any reason the executor can't walk into service ontario.. old ownership in hand, and transfer it into the son's name as unfit?... provided they have name and drivers license number ,,, and I assume some sort of paper that states executor has the right to sign it over to son, and maybe a small fee... ??
seems simple,, executor walks into Service Ontario at their leisure.... asks for bike to be transferred into son's name UNFIT,, provides name and drivers lic.. clerk asks for transfer fee of ? $25 ?
Son would have to take time off work to attend service ontario .. and probably drive long distance to meet at executors convenient location if require, which is a bit inconvenient...
Estate of Father.. 1969 motorcycle needs to be transferred to son
There is no appraisal done yet.. is one necessary when no tax is required to be paid?
I understand motorcycles don't need an appraisal any way..
a safety inspection hasn't been done .. but it will pass a safety ,, would it be ok to have a safety done at sons expense, or should the estate be expected to pay? ,
son can't afford insurance presently.. so it could be transferred FIT unplated.. with the safety
I suppose there is a fee to transfer it from unplated to plated in the future, so transferring it now as UNFIT and doing the safety at his leisure... at the time he can get insurance , and getting a plate would cost the same .. only a few months down the road.
and is there any reason the executor can't walk into service ontario.. old ownership in hand, and transfer it into the son's name as unfit?... provided they have name and drivers license number ,,, and I assume some sort of paper that states executor has the right to sign it over to son, and maybe a small fee... ??
seems simple,, executor walks into Service Ontario at their leisure.... asks for bike to be transferred into son's name UNFIT,, provides name and drivers lic.. clerk asks for transfer fee of ? $25 ?
Son would have to take time off work to attend service ontario .. and probably drive long distance to meet at executors convenient location if require, which is a bit inconvenient...