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

Form Rsa 78-B Real Estate Transfer Tax Declaration Of Consideration Page 3

FORM

NEW HAMPSHIRE DEPARTMENT OF REVENUE ADMINISTRATION

REAL ESTATE TRANSFER TAX DECLARATION OF CONSIDERATION

CD-57

(RSA 78-B)

Checklist

QUICK CHECKLIST

TAXABLE TRANSFERS

The tax on the transfer of real property imposed by RSA 78-B applies to each transfer or real estate or interest therein including transfer of a title:

pursuant to a merger, consolidation, or other reorganization qualifying as a tax-free reorganization as defined in section 368 of the US IRC of1986;

from an entity, the ownership of which is represented by transferrable shares, to another entity, the ownership of which is represented by

transferrable shares;

required by an alteration of an entity's form of organization if the beneficial owners of the transferor own 100 percent of the transferee immediately

after the transfer;

to the Trust for New Hampshire Lands, only the seller is liable;

involving only utility easements. (Note: while this is a taxable event, a CD-57 is not required to be filed.)

NON-TAXABLE TRANSFERS

The tax shall not apply to transfers:

to state, state agency, county, city, town, school or village district;

to the United States or any agency or instrumentality;

of a mortgage or other instrument given to secure payment or debt;

of a discharge of a mortgage or other instrument solely to release security for a debt;

of a deed to correct a deed previously given;

of a deed given by a collector of taxes for property purchased at a tax sale or repurchase;

of one federally tax exempt organization under section 501 from another federally tax exempt organization under section 501, when both the

transfer organization and the transferee are created by or result from the corporate reorganization of a licensed, general, or specialty hospital.

of noncontractual transfers;

of cemetery plots;

of contents, if the transfer is by death of the joint tenant;

of beneficiaries of a partnership interest where the partnership dissolves by operation of law due to the death of a partner; of a spouse pursuant

to a decree of divorce or nulity;

from a land trust incorporated under RSA 292 to or from a housing cooperative incorporated under RSA 301-A, if the tax is paid on the initial

purchase;

to the Trust for New Hampshire Lands, the trust is not liable, but the seller is liable.

CD-57

Instructions

Rev. 6/02

Form Rsa 78-B Real Estate Transfer Tax Declaration Of Consideration Page 3

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