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Gifting a boat....questions #13942010 03/30/21 08:16 PM
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rkd Online Content OP
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Does anyone know the step by step process for gifting a boat? My father is gifting me his boat. He's the original owner and has signed the front of the titles (boat and motor) but not the back. I have all the paperwork. What do I need to do to complete the process? BTW-there's no trailer...he kept it in a boat slip this entire time.

Moritz Chevrolet - 9101 Camp Bowie W Blvd, Fort Worth, TX - Monte Coon (817) 696-2003
Re: Gifting a boat....questions [Re: rkd] #13942041 03/30/21 08:28 PM
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outfishdya Online Content
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Looked into it, but did want to pay taxes on it. Kept the boat in his name till I sold it. Just pay for the registration


Woke up this morning
Got yourself a gun....
Re: Gifting a boat....questions [Re: rkd] #13942107 03/30/21 09:29 PM
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My father “gifted” his older F150 to my son rather than trade it in. Somervell County(Glen Rose) DMV had us fill out a form showing it was being given to a family member and no sales tax. Simply paid a registration/title fee. Not positive it’s the same for boats but a phone call to the DMV or TPWD will get you a for sure answer so you can show up w/the correct “stuff”.

Re: Gifting a boat....questions [Re: rkd] #13942130 03/30/21 09:52 PM
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TPWD for the boat and motor titles, Tax office if you get a trailer.


See you on the lake and have a great day!
Re: Gifting a boat....questions [Re: rkd] #13942147 03/30/21 10:15 PM
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do a bill of sale for $10.00

Re: Gifting a boat....questions [Re: outfishdya] #13942437 03/31/21 03:34 AM
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Originally Posted by outfishdya
Looked into it, but did want to pay taxes on it. Kept the boat in his name till I sold it. Just pay for the registration


This is what we've done with my dads old boat

Re: Gifting a boat....questions [Re: rkd] #13942526 03/31/21 11:57 AM
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[Linked Image]



Re: Gifting a boat....questions [Re: rkd] #13942553 03/31/21 12:30 PM
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Please let us know what you find out.

Re: Gifting a boat....questions [Re: rkd] #13942604 03/31/21 01:24 PM
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rkd Online Content OP
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Thanks everyone. I will take the completed forms to the TPW office and let you know end result. I thought about just keeping it in his name until it's time to sell but he would prefer I switch everything over into my name.

Re: Gifting a boat....questions [Re: rkd] #13942619 03/31/21 01:38 PM
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By keeping it in his name puts him in position of liability in case of an accident.

Re: Gifting a boat....questions [Re: rkd] #13942721 03/31/21 02:45 PM
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Curious to hear the end result as I am in the same position. I have a boat that was my fathers as well that we would like to get transferred into my name but don't want to have to pay sales tax.

Re: Gifting a boat....questions [Re: Ken A.] #13942960 03/31/21 06:16 PM
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Originally Posted by Ken A.
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What do they call the fee when you bring a boat in from out of state?


Woke up this morning
Got yourself a gun....
Re: Gifting a boat....questions [Re: beartrap] #13943329 03/31/21 11:50 PM
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Originally Posted by beartrap
do a bill of sale for $10.00


I think they have been taxing on the boat's value not sales price for years now. Texas couldn't make any tax money off of all of the $10 sales.


Be safe,
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Re: Gifting a boat....questions [Re: beartrap] #13943576 04/01/21 03:33 AM
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Originally Posted by beartrap
do a bill of sale for $10.00

It's not quite that simple, an arms length transaction comes to mind. I assume someone is on the hook for taxes for the actual value.

Re: Gifting a boat....questions [Re: grandbassslayer] #13943713 04/01/21 12:36 PM
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Originally Posted by grandbassslayer
Originally Posted by beartrap
do a bill of sale for $10.00

It's not quite that simple, an arms length transaction comes to mind. I assume someone is on the hook for taxes for the actual value.


Last time I did one they go off of the bill of sale value. With vehicles they do go off of the assumed presumptive value or the sales price. Whichever is higher. Not that way with boats.....Yet. Not saying a $10 sale wouldn't raise a red flag. I think outfishdya has it right. Just check the gift box and pay the fees.

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