The letter must explain who is gifting the money, where the donor's funds are coming from and the relationship between the donor and the recipient. The gift tax is the responsibility of the eligible person receiving the motor vehicle.How to transfer property title to family member. Options to entirely or partially transfer a Texas house deed to family. This page contains forms available for download from this site. Learn why lenders may require a gift letter and the IRS may require a gift tax return when family or friends offer help with a down payment on a home. Gift Letter For Mortgage Template. Your lender might give you a template to follow if you tell them you're using a gift for your down payment.