"gift" title transfer
12 Second Club
Joined: Aug 2007
Posts: 508
Likes: 0
From: Rowlett
nothing is involved..
you can give a vehicle as a gift no problem..
I dont remember what to put on the title when you go down to have the title transfer.
but this can be done, and there is not much to it...
Well there wasnt when I did mine about 3 years ago...
Usually when I do cars within the family, it does not matter if I sold it to them or not, we usually do gift because of tax reasons...
you can give a vehicle as a gift no problem..
I dont remember what to put on the title when you go down to have the title transfer.
but this can be done, and there is not much to it...
Well there wasnt when I did mine about 3 years ago...
Usually when I do cars within the family, it does not matter if I sold it to them or not, we usually do gift because of tax reasons...
not positive but i dont know if you can do a gift tax any more, because now you pay tax on whatever they value the car as.. example people would always put they bought the car for like 1000 and pay almost nothing and the other day i bought an 02 z28 and taxes were almost 600 bucks!
Can't get around it that easy anymore...
I bealive they have another book like the KBB that has a different value and that's what they go by...There may be another way around it though.
Trending Topics
I went to get mine out and my car was under my brother in laws name . my older bro went to the coart and said it was a gift I believe they only charge from like 10-20 bucksfor tittle change plus like 60 for the plates ...
LS1 Tech Stories
The Best V8 Stories One Small Block at Time
Top 10 Greatest Cadillac V Series Performance Models Ever, Ranked
Pouria Savadkouei
Top 10 Most Powerful Chevy Trucks Ever Made!
Hennessey's New Supercharged Silverado ZR2 Has 700 HP
Verdad Gallardo
Coachbuilt N2A Anteros Is an LS2-Powered C6 Corvette In Italian Clothes
Verdad Gallardo
Awesome K5 Blazer Restomod Comes With C7 Corvette Power
Verdad Gallardo
10 Camaros You Should Never Buy
10 LS Engine Myths That Refuse to Die
Verdad Gallardo
Five Reasons the Camaro Was the Most Pivotal Player in the Pony Car Wars 2.0
Brett Foote
10 Reasons the LS7 Is GM's Most Extreme Naturally Aspirated V8 Engine Ever
Verdad Gallardo
Fill out form 130-U and check "gift" . Its a $10.00 tax for it pls the title transfer fees and registration if they are expired .
All you need is proof of insurance in your name ....... nothing else
All you need is proof of insurance in your name ....... nothing else
Joined: Nov 2001
Posts: 3,043
Likes: 0
From: Texas and Qatar
I registered a truck given to me by my dad in October and there was nothing other than the $10 tax and the registration fee's. I would have driven it with no tags if I had to pay anything else. 
Note: I said a value. It's not necessarily the same they will pull up at the tax office when you go register it. That's what happened to me last year when I went to register a 99 TA I bought. The SPV was actually lower than what the page told a few days earlier.
Joined: Nov 2001
Posts: 3,043
Likes: 0
From: Texas and Qatar
Put the VIN and mileage, then I believe you pay the tax rate on 85% of the value, no matter if you paid $100 or the "presumptive value", but if you paid more for the truck than their "value" you have to pay taxes on the actual purchase price. The gifting bypasses that if you are given a vehicle; you pay the $10 gift tax instead.
Edit: Texfinn beat me to it.
i didnt read anything above but ive done it several times on as recent as a month ago...you fill out a form you and the previous owner sign it...you check off the 10 dollar gift tax and you pay 10 bux to transfer it...then registration if need be...
I just did this a few months ago. Its very easy. You don't need a bill of sale. If your dad is willing just get him to sign the title in the area designated, and check the gift box. 10 dollar gift tax and registration fees. You will need your proof of insuarance and drivers license.
