Chapter 9-4 Tax Exemptions Gift Exemption—RMV Update November 2002 The RMV will now charge $25 GIFT Fee. In accordance with recent legislation, the RMV is now required to charge a $25.00 fee for customers who register a vehicle and apply for a gift exemption (MVU-24). A Vehicle Received as a Gift and Listing a Lienholder Anyone who receives a vehicle as a gift but lists a lienholder on the RMV-1 is not eligible for a sales tax exemption. A lienholder listed on the RMV-1 may imply that the new owner either borrowed money to purchase the vehicle or assumed a debt in connection with the transfer of ownership of the vehicle. In either case, the exemption must be denied. The transaction will be processed as a casual sale, and the sales tax owed is based on whichever is higher: the purchase price or the clean trade-in (NADA book) value of the vehicle. 04/11 9:35http://www.mass.gov/dor/docs/dor/forms/mvu/pdfs/mvu-24.pdf