Form MVD-10018 Affidavit of Gift of Motor Vehicle or Boat - New Mexico

What Is Form MVD-10018?

This is a legal form that was released by the New Mexico Taxation and Revenue Department - a government authority operating within New Mexico. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form MVD-10018?
A: Form MVD-10018 is the Affidavit of Gift of Motor Vehicle or Boat used in New Mexico.

Q: What is the purpose of Form MVD-10018?
A: The purpose of Form MVD-10018 is to document the transfer of ownership of a motor vehicle or boat as a gift.

Q: Who needs to fill out Form MVD-10018?
A: Both the donor (giver) and the recipient (receiver) of the gift need to fill out Form MVD-10018.

Q: What information is required on Form MVD-10018?
A: Form MVD-10018 requires information such as the donor and recipient's details, vehicle or boat information, and a notary acknowledgment.

Q: Are there any fees associated with Form MVD-10018?
A: No, there are no fees associated with Form MVD-10018.

Q: Are there any supporting documents required with Form MVD-10018?
A: Yes, you need to include a bill of sale or a gift letter stating the vehicle or boat is a gift.

Q: Is Form MVD-10018 specific to New Mexico?
A: Yes, Form MVD-10018 is specific to New Mexico and should only be used for transfers within the state.

Q: What happens after submitting Form MVD-10018?
A: After submitting Form MVD-10018, the ownership of the vehicle or boat will be transferred to the recipient, and they will be responsible for registering it in their name.