Form Rsa 78-B Real Estate Transfer Tax Declaration Of Consideration (Page 2 of 3) in pdf

FORM

NEW HAMPSHIRE DEPARTMENT OF REVENUE ADMINISTRATION

REAL ESTATE TRANSFER TAX DECLARATION OF CONSIDERATION

CD-57

(RSA 78-B)

Instructions

GENERAL INSTRUCTIONS

WHAT IS

It is a tax on the transfer, sale or granting of real property or an interest in real property. Where the price or consideration is $4,000 or

REAL ESTATE

less there is a minimum tax of $20 to both, the purchaser and the seller. See the tax rate chart in Step 5 below for applicable tax

TRANSFER

rates.

TAX

WHAT IS

Rev 801.05 "Fair market value" means the price property would command if sold by a seller who is willing, but not compelled, to sell

FAIR MARKET

and purchased by a purchaser who is willing, but not compelled, to purchase.

VALUE

WHAT IS

Price or consideration means the amount of money, or other property and services, or property or services valued in money which is

PRICE

given in exchange for real estate, and measured at a time immediately after the transfer of the real estate.

CONSIDER-

ATION

WHEN TO

A Declaration of Consideration, Form CD-57, and an Inventory of Property Transfer, Form PA-34, formally known as Real Estate

FILE

Transfer Questionnaire, must be filed with the Department of Revenue Administration within 30 days of recording the deed.

WHO MUST

The purchaser, grantee, assignee, or transferee must file the Declaration.

FILE

ARE THERE

Yes, there are exceptions. Please see attached checklist to determine if any exemptions are applicable to your transfer.

EXCEPTIONS

WHO MUST

The tax is assessed on both the purchaser and the seller, with a minimum charge of $20 each. The tax is paid at the Register of

PAY

Deeds office in the county where the property is located. Do Not send the tax payment with this Declaration.

WHERE TO

File the Declaration of Consideration with: NH Department of Revenue Administration, Documents Processing Division, PO Box

FILE

1324, Concord, NH 03302-1324.

NEED HELP

Contact the Collection Division at (603) 271-3701 with questions concerning this form, Monday through Friday, 8:00 am - 4:30 pm.

All written correspondence to the Department should include the taxpayer name, the name of a contact person and a daytime

telephone number.

NEED FORMS

To obtain additional forms please call (603) 271-2192. Copies of Form CD-57 may also be obtained from our web site at

An original (not photocopied) Form PA-34 must also be obtained for filing whenever a sale or transfer of

real estate occurs. Contact the Department at (603) 271-2687 if you need an original Form PA-34.

TDD ACCESS

Hearing or speech impaired individuals may call: TDD Access: Relay NH 1-800-735-2964. Individuals who need auxiliary aids for

effective communication in programs and services of the Department of Revenue Administration are invited to make their needs and

preferences known to the Department.

LINE-BY-LINE INSTRUCTIONS

STEP 1

Purchaser: Enter the full name and address of the purchaser(s), grantee(s), assignee(s) or transferee(s) and the social security

number(s) or federal employer identification number(s). Please attach a supplemental schedule for 3 or more purchasers.

STEP 2

Seller: Enter the full name and address of the seller(s), grantor(s), assignor(s), or transferor(s) and the social security number(s) or

federal employer identification number(s). Please attach a supplemental schedule for 3 or more sellers.

STEP 3

Property location and description: Enter the municipality where the property is located and give a brief description of the property

in the space provided. Enter the book number, page number and the county where the property transferred is recorded.

STEP 4

Enter the date of the transfer.

STEP 5

Price or consideration and tax calculation for both the purchaser and the seller: Enter the results of the calculations below for

both the purchaser and the seller in the columns provided.

Line 5 (a) Enter the full price or consideration paid for the real estate transferred.

TAX RATE CHART

Line 5 (b) Round the amount on Line 5 (a) up to the nearest $100.

1999 - Present $0.75 per $100

Line 5 (c) Divide the amount on line 5 (b) by $100.

1994 - 1998 $0.50 per $100

Line 5 (d) Enter the tax rate, for both the purchaser and the seller, in effect as of the date

1990 - 1993 $0.525 per $100

of transfer. (See tax rate chart above).

Prior to 1990 contact the Department

Line 5 (e) Enter the subtotal of the tax for both the purchaser and the seller by multiplying 5(c) by 5(d).

Line 5 (f) Enter the total of Line 5 (e) for the purchaser plus 5(e) for the seller, rounded to the nearest whole dollar.

STEP 6

Special Circumstances: Check the appropriate box. If yes, describe in the space provided any special circumstances which

resulted in the property being transferred at either more or less than its fair market value.

STEP 7

Signatures: Signatures, in ink, of both the purchaser(s) and the seller(s) are required. The signatures, in ink, must be witnessed

and dated in the spaces provided.

CD-57

Instructions

Rev. 6/02

Form Rsa 78-B Real Estate Transfer Tax Declaration Of Consideration Page 2

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