Car as gift Louisiana ?

Giving my car to my brother in Texas, It has a Louisiana Title,.. Is there anything special i have to do? My uncle gave my mom a car in PA, and they had to get a "gift waiver" of some sort saying it was a gift... Couldn't i just write $10 as payment, and thats it? Give him the title and he is good to go?

THANKS!!

Baton Rouge, LA

Update:

its a 2000 pontiac grand am... i dont think it retails for very much anymore lol.. what do you guys think?

Comments

  • Be careful. If the car markets for over $12,000 then you will need to pay a gift tax.

    He also may still have to pay taxes based on the market value of the vehicle, regardless of it being a gift. It varies by state.

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