This question was answered based upon current rules, regulations & statutes in effect on July 24, 2019
Hope all is well. If someone buys out their lease in MA, are they subject to sales tax when they re-register?
Client advised she had already paid sales tax on the original transaction.
Kathy Cormier: Yes, when you buy out a lease you are purchasing a vehicle. The sales tax was included in the lease payment, but that was credited for the leasing company for the tax of the vehicle.
I hope this helps.
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