Car Exchange Agreement Form In Texas

State:
Multi-State
Control #:
US-00333
Format:
Word; 
Rich Text
Instant download

Description

This form states that the owner of certain property desires to exchange the property for other real property of like kind and to qualify the exchange as a nonrecognition transaction. The agreement also discusses assignment of contract rights to transfer relinquished property, resolution of dispute, indemnification, and liability of exchangor.
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FAQ

Taxable Transfers The transaction is subject to motor vehicle tax and standard presumptive value (SPV) procedures may apply. The $10 gift tax is due when a motor vehicle is transferred between eligible family members for no consideration.

Form 130-U The application is used by the County Tax Assessor-Collector (CTAC) and the Comptroller's office to calculate the amount of motor vehicle tax due. The application includes a motor vehicle tax statement section to document the following: the motor vehicle sales tax due on a Texas sale of a motor vehicle.

To be valid, this affidavit must be properly completed and contain the signatures of all principal parties to the transaction, sworn to and subscribed in front of one of these individuals: a notary public of Texas or the equivalent from another state or jurisdiction; or.

To transfer a Texas titled vehicle, bring in or mail the following to our offices: Texas title, signed and dated by the seller(s) and buyer(s). VTR-130U (Application for Texas title), signed and dated by the seller(s) and buyer(s). Proof of insurance in the buyer's name. Acceptable form of ID. Proof of inspection. Fees.

Complete the Motor Vehicle Vehicle Transfer Notification Form VTR-346. The form can be printed and mailed or filed electronically. Visit the Texas Department of Motor Vehicles website to learn more and to access the form.

How do I let the DMV know I no longer own a vehicle? Submit it online. Mail a completed Vehicle Transfer Notification Form to the address located on the form. Visit a Texas Department of Motor Vehicles Regional Service Center.

Note: If any plate becomes lost, stolen, damaged, or no longer needed, it must be promptly canceled. You may cancel a plate from the eLICENSING home page by selecting Plates and Stickers and follow the prompts.

How do I let the DMV know I no longer own a vehicle? Submit it online. Mail a completed Vehicle Transfer Notification Form to the address located on the form. Visit a Texas Department of Motor Vehicles Regional Service Center.

Your Texas license plates are yours to keep. Consider them a souvenir from our great state and something to remember us by. Should you choose to recycle your old Texas plates, cut them into pieces and place them in the recycle bin. This will prevent fraudulent use of the plates.

More info

To transfer a Texas titled vehicle, bring in or mail the following to our offices: 1. County tax assessor-collector offices provide most vehicle title and registration services. Download.Yes, the Texas Department of Motor Vehicle Title and Registration Forms Page has many of the commonly used forms. A Texas bill of sale form records an exchange of property between a buyer and a seller. Using a bill of sale even trade template formalizes a swap while providing an accurate record for vehicle registration and tax purposes.

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Car Exchange Agreement Form In Texas