Affidavit Of Motor Vehicle Gift Transfer {14-317}

14-317 - AFFIDAVIT OF MOTOR VEHICLE GIFT TRANSFER. The purpose of this affidavit is to document the gift of a motor vehicle to an eligible recipient as required by Texas Tax Code Section 152.062, Required Statements. A gift is the transfer of a motor vehicle between eligible parties for no consideration. Consideration includes anything given as payment such as cash, the assumption of a lien or other debt, payment for providing services or labor, or an exchange of real or tangible personal property. A motor vehicle received as a gift from an eligible donor located out of state is subject to the $10 gift tax when the motor vehicle is brought into Texas. This affidavit must be submitted in person by either the donor, recipient or authorized agent, with valid photo Identification, to the county tax assessor-collector (CTAC). An agent of the donor or recipient may file this affidavit in person, accompanied by a completed Power of Attorney form. If the vehicle is received as part of an inheritance, either the recipient or the person authorized to act on behalf of the estate (executor) must file the form in person with the CTAC with valid photo Identification, along with any documents required by the Texas Department of Motor Vehicles (TxDMV) for titling purposes. This affidavit must be filed with the CTAC of the county in which the Application for Texas Title and/or Registration (Form 130-U) is submitted. This affidavit must be accompanied by any required application fee, supporting documents, registration fee (if applicable) and any motor vehicle tax due. Do not send the affidavit to the Comptroller of Public Accounts. www.FormsWorkflow.com