Declaration Of Buyer And Seller Form PDF Details

When a used vehicle changes hands in Washington State, both the buyer and seller are required to navigate through some essential paperwork, one of which is the Declaration of Buyer and Seller Regarding Value of Used Vehicle Sold. This document is vital for the Washington State Department of Revenue for compliance procedures and administration purposes, to ensure the accurate collection of use tax that applies when a vehicle is bought from an individual who doesn't charge retail sales tax. The form, which must be fully completed to be considered valid, includes sections for detailed vehicle description, personal information for both parties, the sale amount, and a description of the vehicle's condition. It serves multiple purposes: it helps establish the vehicle's value at the time of sale, which is crucial for tax purposes, and also provides a clear, official record of the agreement between the buyer and seller. Signatories declare, under the penalty of perjury, that the sale amount listed is accurate, a process overseen by the state to ensure fairness and accuracy in use tax collection. The determination of the vehicle's value follows specific guidelines from Chapter 82.12 RCW, with the document potentially subject to review and audit by the Department of Revenue, which could lead to additional taxes, interest, and penalties if discrepancies are found. In essence, this form is a key piece in the complex puzzle of vehicle sale and ownership transfer within Washington State, ensuring compliance with state tax laws and providing a transparent record of the transaction.

QuestionAnswer
Form NameDeclaration Of Buyer And Seller Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other nameswa seller, used vehicle form, washington value, 32 2501

Form Preview Example

Washington State

Department of Revenue

Compliance Procedures & Admin.

PO Box 47473

Olympia WA 98504-7473

Declaration of Buyer and Seller

Regarding Value of Used Vehicle Sold

THIS FORM MUST BE COMPLETED ENTIRELY IN ORDER TO BE VALID

Description of vehicle

Make

 

Model

 

Year

Vehicle Identification Number

Seller’s Name(s) (please print)

Address

City

 

 

State

 

Zip

Phone (

)

 

 

 

 

 

 

 

 

 

 

Buyer’s Name(s) (please print)

Address

City

 

 

State

 

Zip

 

 

Phone (

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount Paid

 

 

Date of Sale

 

/

/

Describe condition of vehicle (example: needs new engine, bodywork etc.)

Washington law (Chapter 82.12 RCW) imposes a use tax on vehicles purchased from persons who are not required to collect the retail sales tax. The tax is due from the buyer on the value of the vehicle at the time of first use. RCW 82.12.010(7)(a) defines “value of the article used” for use tax purposes. Value means the amount paid or contracted to be paid for the vehicle. If the purchase price does not represent the true value of the vehicle acquired, the value is to be determined as nearly as possible according to the retail selling price at place of use of similar vehicle(s) of like quality and character. The Department of Revenue may, based on this statutory provision, review and audit declarations of buyers and sellers regarding value of used vehicles sold with possible additional tax, interest and penalties as a result.

The following statements are made under the laws of the State of Washington. Indicate the city and state for “place signed.” I declare, under penalty of perjury, that the above amount is the total amount paid or

contracted to be paid for the described vehicle.

 

 

/

/

 

 

(Seller’s Signature)

(Date)

 

(Place Signed)

/

/

 

 

 

 

 

 

 

 

(Buyer’s Signature)

(Date)

 

(Place Signed)

For tax assistance or to request this document in an alternate format, please call 1-800-647-7706. Teletype (TTY) users may use the Washington Relay Service by calling 711.

REV 32 2501 (07/12/13)

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