This form is designed for use between Paving Contractors and Property Owners and may be executed with either a cost plus or fixed fee payment arrangement. This contract addresses such matters as change orders, work site information, warranty and insurance. This form was specifically drafted to comply with the laws of the State of Texas.
Texas Contract Form For Gifting A Car
Category:
State:
Texas
Control #:
TX-00462-22
Format:
Word;
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FAQ
A motor vehicle received as a gift from an eligible donor located out of state is subject to the $10 gift tax when the motor vehicle is brought into Texas.
To give a vehicle as a gift to a relative or qualifying 501(c)(3): The signed negotiable title and completed Application for Texas Title and/or Registration (Form 130-U), must be provided to the county tax office to title the vehicle.
If you buy a vehicle from a dealer, the dealer is required to file the title application on your behalf. If you purchase your vehicle from an individual, the seller should provide you with a signed Form 130-U and any other supporting documents so you can file an application with the tax office.
Documents Required In addition to completing Application For Texas Certificate of Title, Form 130-U, both the donor and person receiving the vehicle must complete Form 14-317, Affidavit of motor Vehicle Gift Transfer, describing the transaction and the relationship between the donor and recipient.
According to Texas law, when you gift a used car to your family member, the immediate family members must pay a $10 Gift Tax just like the sales tax. You may contact your local county tax office to know more about the gift tax on a car.
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If you plan on gifting a vehicle to a family member, you'll also need to complete and submit a Family Affidavit (Form 794) to your local MVD office. This form must accompany the completed TC 96-182.Finance Contracts are not accepted.. Completed and signed Physical Inspection of a Vehicle or Watercraft – State Form 39530. ☐ One proof of address. The signature of one buyer must be entered in the Buyer's Signature area to acknowledge the odometer reading.