Who needs the Form T-7?
Whenever a sale of a motor vehicle takes place in the State of Georgia, the seller and the purchaser have to execute a bill of sale, otherwise known as Form T-7.
What is the Form T-7 for?
The Form T-7 serves as evidence that a transaction between the buyer and purchaser has taken place and that the vehicle’s seller has declared, and the vehicle’s purchaser has acknowledged, the odometer reading.
What documents must accompany the Form T-7?
If the sale of the motor vehicle was ordered by a court of law, the seller must attach the court order.
What information should be provided?
The seller and the purchaser must provide the following information:
Date; full names and addresses of the seller and purchaser; court order case number, if seller’s Georgia tax ID number; description of the vehicle (year, make, identification number); name and address of the holder of a security interest, lien or other encumbrance, if any; and the odometer reading.
If the mileage exceeds the odometer’s mechanical limits, or if the odometer reading does not reflect the actual mileage, the seller should check the respective box.
If the vehicle is purchased pursuant to court order or outside Georgia, the following information must also be provided: purchase price (cash price plus taxable charges and fees); trade-in allowance (excluding down payment or rebates); taxable amount; purchaser’s county of residence; Georgia sales tax rate in purchaser’s county; amount of payable tax; credit; Georgia sales tax due.
The seller and the purchaser sign the form. In addition, the seller should provide his Georgia sales tax number, if applicable.
