Not really sure in Texas. I was recently given a truck. When I transferred the registration to my name, I just had to write in 0$ in the sale price and a letter from my in-laws (who gave me the truck) stating that they were giving it to me as a gift. I did not have to pay any taxes, just the registration fees. This is in Washington state.

 

quick google search says you pay registration fees, gift fee, and sales tax

 

Wish I had this problem....the closest I have come was I was gonna give my dad a brand new Maxima back in 1999, but I didn't follow through. Would love to be on the receiving end, maybe in another life...I know where he lives in CT, doesn't matter because they have to pay a yearly tax, and it is based on the vehicle's value, so imagine how many 2017 BMWs would be suddenly $1 in that case...

 

In Texas, one has to pay tax on a minimum presumptive assigned value based on the vehicle make and year in addition to the local fees. Visit the link below the Texas Dept of Motor Vehicle.

http://www.txdmv.gov/motorists/buyin...ling-a-vehicle

 

you cant sell it to someone for $1 anymore, they have a database of vehicle values so you cant be sneaky on the taxes. Gift only works for direct relative.

 

I don't know. But what I do know is that internet forums are a horrible place to get tax advice.