34 Tex. Admin. Code § 3.65 - Motor Vehicles Purchased Through Another Name
(a) If a vehicle is titled in the name of
someone other than the buyer of the vehicle, the motor vehicle sales and use
tax is due. If title to a motor vehicle that is titled in someone other than
the buyer's name is subsequently transferred to the buyer, the following taxes
apply.
(1) If the vehicle is transferred to
the buyer and no consideration is given by the buyer, the $10 gift tax is due
on this motor vehicle transfer.
(2)
If the vehicle is transferred to the buyer and the buyer gives a consideration,
the motor vehicle sales or use tax is due and shall be based on the
consideration given.
(b)
The motor vehicle sales or use tax is due when a motor vehicle is titled in the
name of the parent or guardian of the vehicle buyer who has not reached the age
of 21. The subsequent transfer of the title to this vehicle to the buyer is not
a taxable transaction.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.