The process of donating a car requires a certain procedure that protects it at the legislative level. about this said “Rossiyskaya Gazeta” automobile lawyer Yuri Geydorf.
“The transfer of a car as a gift in Russia is regulated by the Civil Code of the Russian Federation, and to formalize the gift it is necessary to draw up a gift contract, as well as re-register the car on a new one. He owns the State Traffic Inspectorate,” the lawyer said.
According to Heydorf, for registration you first need to sign a gift contract, for which you will need the passports of the donor and recipient, detailed characteristics of the car and information on the transfer of ownership. The new owner must then register the car in his or her name. It is stated that if the donor and the recipient are not close relatives, the new owner will have to pay personal income tax of 13 percent of the vehicle price.
You should also renew your MTPL policy; Its price will depend on the age and length of service of the new owner of the vehicle. It is reported that if you keep old numbers, you must indicate this in the application. The car lawyer also recommends checking the car at the traffic police for fines and restrictions.
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Source: Gazeta
Anika Rood is an author at “Social Bites”. She is an automobile enthusiast who writes about the latest developments and news in the automobile industry. With a deep understanding of the latest technologies and a passion for writing, Anika provides insightful and engaging articles that keep her readers informed and up-to-date on the latest happenings in the world of automobiles.