It is better to ``sell'' the car for the minimum as the gift tax is higher...
You may defer or postpone paying taxes on your homestead if you are 65 years of age or older or disabled for as long as you occupy the residence. A homeowner must file a deferral affidavit with the Bexar Appraisal District.
What is a Circuit Breaker Limitation? Effective January 1, 2024, a 20% limit on the annual increase will be set on the appraisal of non-homestead real property.
To transfer a Texas titled vehicle, bring in or mail the following to our offices: Texas title, signed and dated by the seller(s) and buyer(s). VTR-130U (Application for Texas title), signed and dated by the seller(s) and buyer(s). Proof of insurance in the buyer's name. Acceptable form of ID. Proof of inspection. Fees.
Divorces and Suits Affecting the Parent-Child Relationships Civil District Judge's Standing Order - must be attached to all new petitions for Divorce and Suits Affecting the Parent-Child Relationship.
The only transactions that qualify as a gift are those where the vehicle is received from a spouse, parent or stepparent, in laws, grandparent or grandchild, child or stepchild, sibling, guardian, decedent's estate, or a nonprofit service organization qualifying under the Internal Revenue Code, Section 501 (c)(3).