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My grandmother is giving me a car. Do I have to pay taxes, if no is there a form that needs to filled out?

My grandmother is giving me a car. I live in Texas. Do I need to pay taxes? If no, is there a form I have to fill out like a gift tax something or other.

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  • 8 years ago
    Favorite Answer

    I don't know how Texas rules in this area. However, In Michigan I was able to transfer a Title to my daughter without any fees. This was many years ago. I also bought a truck from my brother and he gave me a receit for $10.00 to take to our Sec. of State here in Michigan. Hope this helps. It's best to call your local Sec. of State's office and ask questions first. They are very helpful and it will save you the worry. Hope this helped.

    Source(s): State of Mich. Sec. of State.
  • 8 years ago

    You may have to pay a tax or registration fee in TX based on the value of the car. But gifts are not taxable for federal taxes.

  • 8 years ago

    It's a gift. You don't pay taxes on your XMas presents. There are very few taxes in Texas besides.

  • 8 years ago

    She should sell it to you for a dollar so you will only have to pay like 10 cents in tax, rather than the value of the gift of the car.

  • baty
    Lv 4
    4 years ago

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  • tro
    Lv 7
    8 years ago

    you will very likely pay state sales tax on it when you register it

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