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Ratings. Guidance. The Right Lawyer.
title taxes on a gifted vehicle
Houston, TX
Viewed 167 times.
Posted 12 months ago in Tax
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title taxes:
title taxes on a gifted vehicle
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Answers (1)
Lu Ann Trevino
This attorney is licensed in Texas.
Posted 12 months ago.
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I'm not quite sure what your asking, but when you go to change the title to your name, the clerk will demand payment of a fee for the transfer. If this is not a sale there should be no taxes. However, there may be federal taxes to be paid by you or the donor if the value of the vehicle is more than $12,000.
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