A gift tax of $10 applies to a person who receives the vehicle from a spouse, parent or step-parent, grandparent or grandchild, child or stepchild, sibling, guardian, estate of the deceased or a 501(c)(3) non-profit organization. If you submit a vehicle transfer notice and continue to receive parking tickets and/or tolls, you may contact the department to receive a confirmation letter or submit a Texas Motor Vehicle Information Request (Form VTR-275) indicating the month and year in which the vehicle was transferred. If you are buying from a natural person, a motor vehicle sales tax (6.25%) must be paid on the purchase price or standard presumption value (whichever is higher) when the vehicle is titled. Title, registration and local fees are also due. Contact your state tax office to estimate the amount of VAT due and to find out which payment methods are accepted. Acceptable payment methods vary by county. Keep a written record that includes the seller`s name and address, the date of sale, and vehicle information, including wine. Failure to title a vehicle within 30 days of the date of sale may result in late transfer penalties. TxDMV collects information about the color of the vehicle. Please refer to the vehicle colour card when completing an application for a vehicle title.
If the transaction takes place on a Saturday or Sunday and the seller decides to remove his license plates and registration stickers from the vehicle, you will need to download the vehicle`s transit authorization. This way, you can legally drive the vehicle to the district tax office or, if the district tax office is closed, to a location of your choice. This authorization is valid for five calendar days and only one authorization can be issued per vehicle sale. If your spouse had a will, the vehicle is part of the estate process. If your spouse did not have a will, you can complete an affidavit of inheritance for a motor vehicle (Form VTR-262). For more information on vehicle ticket transfers, please call or email us at (888) 368-4689 and (512) 465-3000. If you buy from an individual, let the seller accompany you to the tax office to avoid unwanted surprises. Before submitting the title application, a representative of the tax office can tell you if the title transferred to you is correct and if they have any recovery or legal problems. You can also use title verification to see if the title of the vehicle you want to buy has any issues that affect its value.
Form VTR-346, Texas Motor Vehicle Transfer Notification, is a legal document that you must complete to inform the authorities that you have sold or transferred ownership of a vehicle. Legal advice is required because it demonstrates the mutual consent of the parties to enter into a transaction, describes the transferred vehicle, and protects a seller and buyer in the event of disputes or disagreements after the sale. If you submit this document, you also disclaim any liability for civil or criminal acts affecting the vehicle. Vehicles must be issued in the name of the buyer within 30 days of the date of sale. If a vehicle is not properly transferred on behalf of the buyer, this can result in the seller being liable for tickets, toll violations or even crimes involving the vehicle. To make sure this doesn`t happen to you, accompany the buyer to your county tax office to make sure an application for a vehicle title is submitted. A dealer is not required to use the dealer`s name when you sell or trade your vehicle to a licensed motor vehicle dealership. The vehicle remains in your name until it is sold to someone, which can take months or, in some cases, years.
To protect yourself, submit a vehicle transfer notification. When a vehicle delivery notification is received, TxDMV updates the vehicle registration to show the vehicle as it is sold. If you submit the notice within 30 days of the date of sale, you cannot be held responsible for parking tickets and toll violations committed by the person who purchased the vehicle. If you purchase your vehicle from a dealer, they are required to submit the application for title on your behalf, so you do not have to go to the tax office. Make sure the dealer gives you a receipt indicating that the vehicle has been titled in your name. Please allow at least 20 business days to process your title application. If there is a lien on the vehicle, the secured creditor receives the title. If you have not received your title within 30 working days, please contact us. Form Texas VTR-346 has been issued for informational purposes only and does not constitute a waiver of interest in the motor vehicle – it does not transfer ownership. The person or organization that becomes the owner of the vehicle must apply for a new title with the county tax authority to become the rightful owner of the vehicle.
The seller is required to submit Form VTR-346 within 30 days of the date of delivery of the vehicle. You can do this electronically on the Texas DMV website or by mail – submit the form to the TxDMV Vehicle Titles and Registration Division, PO Box 26417, Austin, TX 78755-0417. You must provide proof of liability insurance when you own and register your vehicle. If you do not provide proof of insurance, you can request “title only”. A seller must keep detailed written records of each transaction, including buyer`s contact information, date of sale, and vehicle information, including Vehicle Identification Number (VIN). If a vehicle is issued on the basis of a divorce decree, give your district tax office a certified copy of the decree and apply for the title. If the decree does not award the vehicle, a properly assigned title (when your ex-spouse transferred the title to you) is required. .
