Q: How do I set my daughter’s identify on my car title so if I pass absent, it will be hers? I paid income for the vehicle in December so I have the title. Can I do this at the Middletown department?
Should I wait around until finally it is time to renew my registration? If I do it now, 6 months early, will I have to pay the registration charge once again?
— Carolyn S.
A: In order to set your daughter’s name on the title and registration of the car or truck you have — and that is in your identify only — you will need to reward 50 percent the motor vehicle to her.
On our website (www.dmv.ri.gov), we have a portion on “Gifted Automobiles.” It can be observed in the “Registration, Plates & Titles” tab, underneath “Registrations” and “New Registrations.” The methods are basically the same but I have modified them for you due to the fact you are not gifting the whole car or truck to her.
These are the steps and they are modified for your transaction:
Gift letter that is dated and signed by you (I, XXX, present to my daughter, XXX, one-50 % fascination in the next automobile: Year, Make, Design, VIN)
Title (You indication as vendor and the each of you sign as the Buyers)
Completed TR-1 Application that includes:
You as the proprietor and she will be the 2nd proprietor or vice versa. You will be the seller.
Insurance policy Info (legitimate RI insurance).
Car or truck Information and facts (use your existing registration certification to enable you fill out this segment. Make positive to incorporate the present-day mileage.
Signatures (you both will have to indication and if just one of you is not existing at the time of the transaction, then that signature requirements to be notarized with an inked notary stamp).
Finished Income Tax Exempt Certificate (fill out related to the TR-1 Software pertaining to the seller and consumer(s) information. Examine the box “other” and reveal it is a “gift from mom to daughter”)
RI license or identification card of the particular person presenting the paperwork.
Just an FYI:
Income Tax Info for Gifted Vehicles:
Speedy Relatives: No gross sales tax on the vehicle unless of course remarkable taxes are thanks. A signed letter of gift is expected to exempt you from the sales tax. Fast relatives associates for uses of taxation are: parent, stage-parent, sibling, stage-sibling, wife or husband, youngster or move-little one.
Non-Rapid Family members: No profits tax on the car except if outstanding taxes are owing. A signed and notarized letter of reward and reward affidavit is expected to exempt you from the revenue tax.
This transaction can be carried out at any DMV department which includes the Middletown DMV Department. Branch spots and several hours can be discovered on our internet site. All the kinds described can be downloaded and printed from our web site, also.
Introducing a identify to the registration will not transform your registration costs. Introducing the name to a car that is gifted is just likely to be a title charge of $52.50. You can do it now or you can do it upon renewal. Your preference.
Chuck Hollis is assistant administrator of the Rhode Island Division of Motor Cars. Make sure you e-mail your questions to cars and [email protected] with “Ask the DMV” in the topic discipline.
This write-up originally appeared on The Providence Journal: Request the RI DMV: How do I place my daughter’s identify on my automobile title?