Arkansas does not have a gift tax.
Sales Tax
The person receiving the car will have to pay sales tax on the car's purchase price. The sales tax rate in Arkansas is 6.5%.
Title and Registration Fees
The person receiving the car will also have to pay title and registration fees. The title fee is $25, and the registration fee is $35.
Insurance
The person receiving the car will need to purchase insurance for the car. The cost of insurance will vary depending on the make and model of the car, the driver's age and driving record, and the amount of coverage desired.
