Like You think about taxes before you buy your second-hand bike. as part of the budget, you should also do so in the Sure.. Not doing so is one of the most common mistakes in making the budget for your new machine.
And it's just that There is a big difference between what you will pay for the bike insurance depending on the machine you choose. In fact, this is something that also happens most taxes for buying a second-hand bike.
In addition, unlike the price of the bike, insurance and taxes will be paid every year in most cases (there are exceptions in taxes). To avoid motifs, Calculate here how much you'll pay for the bike insurance you want to buy.
Taxes and fees
Once you have all necessary documentation, you must take care of the fees and taxes that the sale of a second-hand bike entails. The first payments are usually made by the buyer of the bike. In addition, it has a 30-day period from the signing of the contract for the sale of the bike to deal with the Tax on Civil Transmissions, which is like VAT for second-hand motorcycles.
For its part, the seller will have to be held accountable in the income statement.
Thinking about buying a bike? Includes the insurance price in your budget Save in insurance
Income tax
This is one of the taxes and fees paid by the buyer on the second-hand bike. It's the equivalent of VAT you pay when you buy a new bike, only it doesn't apply directly. For you to understand better, VAT adds to the price when buying the bike, you don't have to do anything. With the Civil Transmissions Tax, yes.
The Currency Transmissions Tax for buying a second-hand bike is paid to the Treasury. However, the tribute is managed by the autonomous communities. The percentage to be paid varies according to the region and can be between 4% and 5% of the average vehicle value.
You'll have to pay the Tax of Patrimonial Transmissions on second hand motorcycles within 30 working days of the conclusion of the contract for the sale of the vehicle. To do so, you will have to complete the 620 model of Hacienda in its autonomous version.
If you've bought the bike from a dealership, you'll have to pay the VAT instead of the ITP. The advantage is that this tribute on second-hand motorcycles is included in the price, as when the motorbike is new. This exception also applies when you buy the bike from a professional, that is, a masonry or a delivery company that has it registered as a business vehicle, for example.
Rates for the change of Titularity of the Moto
Change of title is not mandatory. However, it is highly recommended. It serves to put the bike in the name of the buyer and benefits both the new owner and the former. The buyer ensures that the car is yours for all purposes and avoids further problems. For its part, the seller does the same with any fine or No. on which his old bike is wrapped.
The change of ownership of the bike is carried out at the Traffic Headquarters. It is actually a tax and not a tax (the difference is more technical than practical). As with the previous tribute, the payment shall be made by the buyer of the bike. In fact, it's the buyer who usually takes care of putting the bike in his name. If the seller does not make the change, the seller may inform the DGT of the transaction by filling in the same document and paying the required fee. This will avoid the problems of a bike moving to his name without it being his.
The amount depends on the type of machine. The price for motorcycles is 50 euros. The cyclomotors will only have to pay 27 euros.
Income declaration
This is one of the taxes and fees of the second-hand motorcycles that the seller has to pay. Unlike the previous taxes on the sale of motorcycles, this will not always have to be paid.
In the income statement you will only pay taxes as a seller if you have made a profit. If there is no profit, you will be exempt from including the bike's taxes and fees in the IRPF statement. Hacienda understands that there is profit when the sale price is higher than the purchase price. It's normal that this doesn't happen when you sell a second-hand bike, unless it's a classic one.
If you have obtained a profit, you must enter it in the section on income and property losses within the income of the savings. In doing so, you will not be able to subtract any of the taxes and fees you have paid when selling or buying, as well as other expenses (ads or management). If there's no benefit, you shouldn't worry and you don't even have to put nothing on the bike in your IRPF statement.
