
PrintResetTENNESSEE DEPARTMENT OF REVENUEAFFIDAVIT OF NONDEALER TRANSFERS OF MOTOR VEHICLES AND BOATS Relative transfer: If a person is transferring a boat or motor vehicle to certain relatives, those.
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How to fill out the TN RV-F1301201 online
The TN RV-F1301201 is an affidavit for non-dealer transfers of motor vehicles and boats in Tennessee, enabling tax-exempt transfers between qualifying relatives. This guide provides clear, step-by-step instructions to assist you in completing the form accurately online.
Follow the steps to efficiently fill out the TN RV-F1301201 online.
- Click the 'Get Form' button to obtain the TN RV-F1301201 and open it in your preferred online form editor.
- Begin filling out the 'Purchaser or Transferee' section by providing the name, address, city, state, zip, phone number, and FEIN or driver’s license number of the purchaser.
- Move to the 'Seller or Transferor' section and input the corresponding information for the seller, including their name, address, city, state, zip, phone number, and FEIN or driver’s license number.
- In the 'Vehicle or Boat Information' section, complete details such as the year, make, VIN or serial number, date of sale, and fair market value of the vehicle or boat.
- Indicate whether there is a lien on the vehicle or boat by selecting yes or no. If yes, include the amount of the outstanding lien and the name of the lienholder.
- If applicable, specify the relationship between the seller and purchaser in the provided space.
- If the transfer is a gift or at a low selling price, check the appropriate boxes in the 'Considerations involved in the transfer' section and provide relevant amounts for any money involved, loan assumptions, services performed, or other considerations.
- For trade-ins, complete the trade-in value and description including the year, make, and VIN or serial number of the trade-in item.
- Fill in the total sales price, ensuring it encompasses all forms of consideration paid. If there is no consideration offered, enter $0.
- Provide a brief explanation if the sales price is lower than the average value and review the affidavit statement regarding the truthfulness of the information provided.
- Finally, both the seller and purchaser must sign and date the form to certify its accuracy.
- Once all fields are completed, save changes, download the form, print it, or share it as needed.
Complete your documents online today to ensure compliance and ease in your motor vehicle and boat transfers.
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Get answers to your most pressing questions about US Legal Forms API.
What is TN sales tax on an RV?
State Sales Tax is 7% of purchase price less total value of trade in.
Does TN charge sales tax on vehicles?
As reported by CarsDirect, Tennessee state sales tax is 7 percent of a vehicle's total purchase price. For example, if you buy a car for $20,000, then you'll pay $1400 in state sales tax.
Do you have to pay taxes on a gifted car in Tennessee?
Gifted Vehicles If the vehicle was received as a gift, an Affidavit of Non-Dealer Transfers of Motor Vehicles and Boats (Gift Affidavit) completed by both the giver and the receiver is needed. In the case of gifts, no sales tax will be due.
Are motor carriers exempt from sales tax in Tennessee?
DESCRIPTION: Persons who have qualified with the federal government or other state regulatory agency as a common or contract carrier may purchase motor vehicles free from sales tax in Tennessee by completing an application to be filed with the county clerk upon titling and registration.
Do you have to pay sales tax on a trailer in Tennessee?
Automobile Sales Under Tennessee sales and use tax law, sales of motor vehicles, trailers, and off-highway vehicles are sales of tangible personal property subject to sales or use tax.
What is the sales tax in TN?
The general state tax rate is 7%. The local tax rate varies by county and/or city. Please click on the links to the left for more information about tax rates, registration and filing.
Can I sell my car for $1 in TN?
In short, yes. But while selling a car for $1 will allow you to avoid capital gains and gifts taxes, the recipient of the car will have to pay whatever rate of sales tax your state charges on used vehicles when they transfer the title.
Which state has lowest sales tax on RVs?
Alaska. Alaska is one of the few states with a 0% state tax rate on motorhome sales. However, this state's local governments can charge a local sales tax rate on RV purchases of up to 7.5%.
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