How to Transfer Ownership of a Gifted Vehicle?
1 Answers
If the vehicle is gifted to other family members or friends, both the giver and the recipient need to go to a notary office to complete the notarization process. Then, they must bring the notarized certificate, registration certificate, and vehicle license to the vehicle management office to complete the gift transfer procedure. In addition to paying the notarization fee, the recipient is also required to pay a certain percentage of personal income tax. There are two methods for transferring ownership between immediate family members: 1. Transaction method: Complete the relevant procedures at an automotive trading market. The processing location can be either the vehicle management branch office under the giver's ID card jurisdiction or the recipient's ID card jurisdiction, but the giver does not need to be present in person. 2. Gift method: Obtain a gift notarization at a notary office and use the gift declaration and notarized certificate to complete the transfer registration. However, the notarization fee is calculated as a percentage of the vehicle's value and is generally higher than the transaction method fees.