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Only vehicles that have Maryland vehicle registrations can be transferred as gifts. In order to be eligible as a gift transfer, a car must be transferred to a member of your family (except cousins). For example, you can transfer your car to a parent, son, daughter, stepson, or stepdaughter.
You Must Specify It's a Gift Firstly, the purchase price of the car has to be marked as ?Gift? on the Bill of Sale (Form VR-181). You and the family member you're gifting the car to must both complete Form VR-103, Application for Maryland Gift Certification.
To complete the Maryland car title transfer form, you will need to provide the following info: Name and address of the buyer and current car owner. Date of sale. Car mileage, condition, and purchase price. Odometer reading. Completed a bill of sale. Completed Certificate of Title (VR-005) Government-issued photo ID.
Bill of Sale Form VR-181 must be completed by both you and your relative. Although you are making a gift and not selling the car, you fill in the sections of the form as the seller, and your relative will fill in the sections of the form as the buyer.
If the vehicle is titled in Maryland, excise tax (6% of the vehicle's value) may not be collected when a family member gives the vehicle to you as a bona fide gift. Allowable family relationships are identified on the Application for Maryland Gift Certification (see below).
Transferring a title from an individual to another individual - To transfer the title of a vehicle from one individual, please complete the assignment section on the reverse side of the title, by providing the name of the person receiving the vehicle in the space provided for ?buyer/receiver.? In the same section, the ...