What is a comptroller form 14-317?
The purpose of this affidavit is to document the gift of a motor vehicle to an eligible recipient as required by Texas Tax Code Section 152.062, Required Statements.
Does Texas Form 14-317 need to be notarized?
A notary from another state may notarize this document. A faxed copy is acceptable documentation for one of the qualified parties. When there are multiple donors or recipients signing, additional copies of Form 14-317 should be used to document signatures and notary acknowledgements.
How do I transfer a car title to a family member in Texas?
The title application must be accompanied by Affidavit of Motor Vehicle Gift Transfer (Texas Comptroller of Public Accounts Form 14-317). The Donor and Recipient must both sign the affidavit and title application. Either the donor or recipient must submit all forms and documents in person to the county tax office.
How do I gift my car to my child in Texas?
The Process of Gifting a Car in Texas
- Step 1: Purchase a Vehicle.
- Step 2: Check the Odometer.
- Step 3: Signing the Title.
- Step 4: Completing the Application for Title.
- Step 5: Affidavit of Motor Vehicle Gift Transfer.
- Step 6: Liability Insurance.
- Step 7: Registration of the New Title.
- Title Transfer Fee.
Who can you gift a car to in Texas?
The state of Texas allows a $10 Gift Tax, in place of a property value based tax assessment, when a used car is gifted to family members. Immediate family members qualified to claim the $10 Gift Tax in Texas are spouses, parents, siblings, grandparents, grandchildren, stepparents, children, and legal guardians.
What is the penalty for not transferring title within 30 days in Texas?
Failure to title within the 30 days results in an automatic $25 penalty, plus another $25 for each month the title is late. There are no waivers for these penalties, which means the (YOUR COUNTY) county tax office and the Texas Department of Motor Vehicles cannot reduce or forgive what you may owe.
Can I sell my car for $1 in PA?
Vehicles received as gifts are not subject to sales tax. In many instances, taxpayers are incorrectly informed by licensing agents that a minimal purchase price (e.g. $1) must be reported on the MV-4ST, even if the vehicle is a gift. This is not correct.
What is the purpose of form 14-317?
Form 14-317 (Back)(Rev.2-15/6) Instructions for Filing Form 14-317, Afﬁdavit of Motor Vehicle Gift Transfer The purpose of this afﬁdavit is to document the gift of a motor vehicle to an eligible recipient as required by Texas Tax Code Section 152.062, Required Statements. What is a gift?
What is form 14-317 motor vehicle gift transfer?
Instructions for Filing Form 14-317, Affidavit of Motor Vehicle Gift Transfer. The purpose of this affidavit is to document the gift of a motor vehicle to an eligible recipient as required by Texas Tax Code Section 152.062, Required Statements. What is a gift? A gift is the transfer of a motor vehicle between eligible parties for no consideration.
Where can I Find my TxDMV form number?
Search For Forms Name Form Number Affidavit of Heirship for a Motor Vehicl VTR-262 Affidavit of Motor Vehicle Gift Transfer 14-317 Annual Purchaser’s Certification of Expo VTR-901-A Annual Ready-Mixed Concrete Permit Appli MCD-1755
How to transfer a motor vehicle in Texas?
Ifyouhavequestionsorneedmoreinformation,contacttheComptroller’sofficeat1-800-252-1382oratwww.comptroller.texas.gov/taxes/.Rule3.80,Motor Vehicles Transferred as a Gift or for No Consideration,explainsthelawanditsprovisionsandisavailableontheComptroller’swebsiteatwww.comptroller.texas.gov.