In addition to completing Form 130-U, Application for Texas Title and/or Registration (PDF), both the donor and person receiving the motor vehicle must complete a required joint notarized Form 14-317, Affidavit of Motor Vehicle Gift Transfer, describing the transaction and the relationship between the donor and ...
It is better to ``sell'' the car for the minimum as the gift tax is higher...
The $10 gift tax is due when a motor vehicle is transferred between eligible family members for no consideration. The following are examples of taxable transfers: Motor vehicle tax is due on the transfer of a motor vehicle given for no consideration from one family member to an ineligible family member.
How to write a letter of agreement Title the document. Add the title at the top of the document. List your personal information. Include the date. Add the recipient's personal information. Address the recipient. Write an introduction paragraph. Write your body. Conclude the letter.