what is the process for declaring the purchase of a moto as a gift? does it affect the marketvalue or anything else for the bike? any details on this is appreciated.
with your transfer of ownership document, you need a gift letter from seller, you can get this where you get transfer papers, insurance places. Just declares no monies changed hands, states the relation you 2 have(friends/brothers etc) Doesnt affect anything about the bike.
yeh what jayson said... just basically states that no money was transfered for the bike... just ask for the papers when you go to your insurance agency