Kentucky Bill of Sale for Personal Property and Equipment
Description
How to fill out Bill Of Sale For Personal Property And Equipment?
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FAQ
You can give your car to your child or charity by completing the assignment on the back of the title and have the transaction notarized at the clerk's office. Make sure to write down, ?Gift,? in the purchase price section. Property taxes will still be assessed based on the current book value of the car.
If the buyer or seller's signature is notarized by the County Clerk's Office, the person must appear in person with a valid Kentucky I.D. A $2.00 notary fee is charged for each signature.
You can give your car to your child or charity by completing the assignment on the back of the title and have the transaction notarized at the clerk's office. Make sure to write down, ?Gift,? in the purchase price section. Property taxes will still be assessed based on the current book value of the car.
What you will need: Original Kentucky Title. Original Kentucky Registration. Proof of current Kentucky liability insurance in the buyer's name for the purchased vehicle. Picture identification for buyer and seller. ... Social Security Number for each new owner(s) appearing on the title or Federal Tax ID Number for companies.
??????TRANSFERRING OWNERSHIP???? The buyer takes the signed title, proof of Kentucky Insurance, proof of Identification, and money for fees and applicable taxes to their local County Clerk's office for transfer. Older Titles before 2000 may require a completed TC96-182? to complete the transfer process.
A Kentucky car title transfer consists of two stages. The buyer and seller meet in person, with a notary public. The buyer pays the seller. All three parties (buyer, seller, and notary) fill out and sign the physical title certificate.
Does a Bill of Sale Have to Be Notarized in Kentucky? In most cases, no. If you are applying for a title on an out-of-state vehicle and your state only issues bills of sale to prove ownership, the signatures on the bill of sale must be notarized.
