Form Rv F1301201 PDF Details

The RV-F1301201 form, issued by the Tennessee Department of Revenue, serves as a crucial affidavit for non-dealer transfers of motor vehicles and boats. This comprehensive document ensures that private transactions between individuals are properly recorded and taxed according to state law. It caters to various scenarios, including lineal relative transfers, which cover a wide range of family connections such as spouses, siblings, children, and grandparents, among others. Additionally, it accommodates the transfer of items as gifts or at low selling prices to individuals not related in lineal fashion, specifying that a low selling price is judged as 75% or less of the fair market value according to authoritative automotive pricing guides. The form requires detailed information about the seller and buyer, vehicle or boat specifics, and the financial aspects of the transaction, like the sale price, existence of any liens, and precise nature of the consideration involved. This affidavit not only aids in the transparent reporting of the transfer but also plays a vital role in the calculation and assessment of sales tax, thereby helping to prevent potential legal and financial discrepancies. By mandating the accurate reporting of these transactions, the RV-F1301201 form mitigates the risks of underreported sales and ensures that both parties comply with Tennessee's tax obligations.

QuestionAnswer
Form NameForm Rv F1301201
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesAFFADAVIT OF TRANSFER lineal relative transfer form

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Tennessee Department of Revenue

AFFADAVIT OF NON-DEALER TRANSFERS OF MOTOR VEHICLES AND BOATS

Lineal relative transfer (Persons qualified when related to transfer as: spouse, sibling, child, grandchild, great grandchild, parent, grandparent, great grandparent, and spouse of lineal relative)

Gift transfer or low selling price to person other than lineal relative (Low selling price is considered to be 75% or less of the fair market value by reference to the most recent issue of an authoritative automotive pricing manual, such as the N.A.D.A. Official Used Car Guide, SE Edition)

Seller of Transferor

Purchaser of Transferee

(Please Print)

(Please Print)

Name: _________________________________________

Name: _________________________________________

Address: ________________________________________

Address: ________________________________________

City,State,Zip: ___________________________________

City,State,Zip: ___________________________________

Phone: _________________________________________

Phone: _________________________________________

FEIN or Drivers License No. ________________________

FEIN or Drivers License No. ________________________

Vehicle or Boat Information (To be completed by seller or transferor):

____________

____________________________________

_____________________________________________

Year

Make

 

(VIN or Serial No.)

Date of Sale: _____________________

Fair Market Value of the vehicle $ __________________________________

Is there a lien? Y/N ________________

If yes, what is the amount of the outstanding lien? ______________________

If yes, who is the lienholder? ______________________________________________________________________________

If applicable, please state the relationship between seller or Transferor and Purchaser or Transferee: _____________________

This box to be completed if gift or low selling price only

Considerations involved in the transfer: (Please check all that apply)

__________Money involved:

$_____________________________

__________Loan Assumption, loan pay-off, etc.:

$_____________________________

__________Services or labor performed: Value:

$_____________________________

__________Other: (Explain) ______________________________________________________________________________

__________Trade-in: (Trade-in must be of like kind, such as motor vehicle, motorcycle, boat, etc. in order to get sales tax

credit for trade-in)

Trade-in value: $____________ Trade Description: ____________ _____________________ ________________________

Year Make(VIN or Serial No.)

Total Sales Price: $__________________________ (The sales price is the total amount of consideration paid by the purchaser

or transferee, including any paid to a third party, such as lienholder. If no consideration was given for the transfer, then the amount of the sales price is $0.)

If the sales price is lower than the average value please indicate the reason for the low price: ___________________________

______________________________________________________________________________________________________

Under the penalties of perjury, I swear that the foregoing information is true and correct to the best of my knowledge, information and belief, and this document correctly state the total amount of consideration for the transfer of this vehicle or boat. I understand that failure to report proper consideration for the sale or transfer of the aforementioned vehicle or boat may result in assessment of applicable sales tax, penalty and interest against the purchaser.

__________________________________________________

__________________________________________________

Seller or Transferor’ s Signature(s)

Date

Purchaser or Transferee’ s Signature(s)

Date

RV-F1301201 (Rev. 5-00)