How to Transfer a License Plate to My Son?

[Dorothy]

There are two ways to transfer a license plate to your son: through a transaction or a gift. Transaction method: You need to go to the motor vehicle registration service station to complete the relevant procedures. The processing location can be the vehicle management office under the jurisdiction of your ID card or the vehicle management office under the jurisdiction of the transferor's ID card. The transferor does not need to go in person but must submit an application. Then, bring the vehicle registration certificate, proof of direct kinship, vehicle registration certificate, ID cards of both parties, and other relevant materials to the vehicle management office to complete the transfer procedures. Gift method: You need to go to a notary office to complete a gift notarization. With the gift declaration and notarization certificate, you can proceed with the transfer registration. However, the notarization fee is calculated as a percentage of the vehicle's value, which is generally higher than the transaction method. According to the "Latest National Notarization Fee Standards," the fee for proving property inheritance, gifts, and bequests is 2% of the beneficiary amount. In addition to the vehicle notarization fee, the recipient also needs to pay 20% personal income tax.