How To Register A Gifted Car In Texas

Plus a 10 gift tax.

How to register a gifted car in texas. If there is a lien on the car it can not be transferred as a gift. For example if the car sales tax in your state is 10 and you gift a 20 000 car you can save 2 000 on sales tax. You will need to get new auto insurance when you move to texas. That means that they have to check whether there is a lien on it. The first thing that a person who wants to give a vehicle as a gift needs to do is make sure that they are the legal owners of the vehicle.

You and or your son will need to submit those documents in person to your county tax office and pay the 10 gift tax. Likewise if someone gives you a car make sure you get the properly signed title. Begin by filling out an assignment of title section of the vehicle s ownership title and record the odometer reading on the odometer disclosure statement. Applicants must submit an affidavit of motor vehicle gift transfer comptroller form 14 317. The texas title properly assigned to you by the previous owner.

After this process is complete then your son will be the titled owner of the vehicle. When you give someone a vehicle you must sign over the title to that person. Of course if you buy a car and then gift it you will have to pay sales tax on. Once the paperwork is filled out just go to the county tax assessor s office in the county where the person who died was living at the time of their death. Specifically you are required to have coverage of 30 000 for each injured person 60 000 for injuries per incident and 25 000 for property damage.

Application for texas title 130 u original signature of the donor as the seller and recipient as the buyer is required. Legal name on the buyer s photo id must match the name on the application for texas title 130 u affidavit of motor vehicle gift transfer. You will need to bring the car title proof that the car passed inspection proof of liability insurance and the registration fee. Title transfers for gifted vehicles. Affidavit of motor vehicle gift transfer form 14 317.

Pay any necessary county fees and the car is yours. You can also contact the texas dmv with any questions on the process. To gift a car in texas there are a few forms that need filling out to properly transfer title. To apply for the auto title change of ownership submit the following to your county tax office. Inherited vehicles need an affidavit of heirship for a motor vehicle form vtr 262 if no will exists.