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In the state of Tennessee, those who buy or gift cars to qualifying family members are given tax exemptions when transferring the title of the car. Aside from the tax exemption, the rest of the process of transferring the title remains the same as transferring to a private buyer.
The front of the Tennessee Certificate of Title is required to be printed with the following information on it:VIN, make, model, year, and body type of motor vehicle,Title and County Number.Former title number, former title state, sales and use tax amount, and odometer reading.Title issued date and purchase date.More items...?
How to Sign Your Title in Tennessee (TN)Back of the title top half - sign name(s) on the line where it reads "Signature and Address of Seller(s)."Back of the title right below where you signed name(s) - print name(s) on the line where it reads "Seller(s) Name (Hand Printed)."More items...
The form must be signed by the person and notarized. The form cannot be signed by a court clerk as there may be a suit filed in a different court.
FAQs. Do you have to pay taxes on a gifted car in Tennessee? No, you are exempt from paying sales tax on a gifted car in Tennessee. Although, there are some fees associated with the title transfer process.