Buying track bike.. do you have to take it in to MTO to transfer ownership?
- Thread starter zx6rr
- Start date
Up to you. since you are not registering it and riding on the street you don't have to but:
Some people say that they would like the tittle under their name.
Some people don't care and would say it is stupid to pay for the tax
Some people say that cops go to the track and ask for registrations
Some people will say that you have to in case you take the bike to the states
Some people say better safe than sorry
Some will say **** it
I have never put a track bike under my name, my current race bike has a clean tittle and i got the registration but i am not switching it, TO ME there is no reason to pay for the tax.
Some people say that they would like the tittle under their name.
Some people don't care and would say it is stupid to pay for the tax
Some people say that cops go to the track and ask for registrations
Some people will say that you have to in case you take the bike to the states
Some people say better safe than sorry
Some will say **** it
I have never put a track bike under my name, my current race bike has a clean tittle and i got the registration but i am not switching it, TO ME there is no reason to pay for the tax.
You should always get it put in your name but you can say it i only paid so much because i got it as is. They will probably just put unfit on ownership, which means you can't get a 'T' sticker to ride it around temporary while you go and find a shop to safety it. Never know what the previous owner will do right.
What happens when you want to sale the bike. You will have to pay the tax to get it transfered into your name, before you sell, no?
GateKeeper
Well-known member
Tell them you traded your, air compressor, lawnmower, camping equipment, hockey equipment, and so on for the bike, I know of guys who do it that way as well......
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No.
For a track bike? my last track bike had a savaged title and was sold that way.
I am not selling my race bike ever and if i do it will be to the same guy that sold it to me
No u can sell it without a registration if u wanted. Just a bill of sale. Some buyer won't even be interested in just a bill of sale tho.
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If it has a clean title it seems a waste to sell it without the registration.
Legally, yes (HTA s.11(2)). Without the safety it would be branded as "unfit".
However to pay tax on a private sale for an item that won't be registered for the street is ridiculous (actually, it's ridiculous that you have to pay tax on a private sale even if you ARE putting it on the street). Some of the above suggestions (trade, low-ball) may be an option to save on the taxes as there's no price list for the MTO to reference for bikes as they have for cars.
Likely never an issue to not register it (other than it being largely an un-enforced offence) although when/if you sell it, it's technically "curb-siding" and that's illegal too.
Where it CAN become an issue is with theft, crossing the border, or any other situation where you have to prove ownership.
However to pay tax on a private sale for an item that won't be registered for the street is ridiculous (actually, it's ridiculous that you have to pay tax on a private sale even if you ARE putting it on the street). Some of the above suggestions (trade, low-ball) may be an option to save on the taxes as there's no price list for the MTO to reference for bikes as they have for cars.
Likely never an issue to not register it (other than it being largely an un-enforced offence) although when/if you sell it, it's technically "curb-siding" and that's illegal too.
Where it CAN become an issue is with theft, crossing the border, or any other situation where you have to prove ownership.
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Just go an transfer it. You'll have to pay 20$ for the UVIP and they'll have you write how much you paid on the top corner of it. Write what you want, and pay the silly tax on whatever you wrote.
After all this, you will be the rightful and legal owner of it.
After all this, you will be the rightful and legal owner of it.
The back of any Ontario ownership/registration states "The new owner (buyer) must present this Application for Vehicle Transfer to notify the ministry of the change of ownership of the vehicle within 6 days of the date of purchase."
Moreover, seller should be mighty uncomfortable if there's a chance the bike is on track somewhere and still registered in his name - potential liability issues and all that, just so buyer can avoid paying hst when the ownership is transferred.
Moreover, seller should be mighty uncomfortable if there's a chance the bike is on track somewhere and still registered in his name - potential liability issues and all that, just so buyer can avoid paying hst when the ownership is transferred.
Yup, HTA s.11(2).
A good point, and why you're able to go to the MTO to have a vehicle you've sold (but hasn't been registered in someone else's name for whatever reason) as "sold". Although I don't know how much water that would hold in civil court, situation dependent.
Why a bill of sale? The last three vehicles I bought didn't have a book value and they didn't require the bill of sale.
Yep, we are on track lol
