Form G2-Rp - Withholding On Sales Or Transfer Of Real Property And Associated Tangible Personal Property By Nonresidents
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Form G2-RP
(Rev. 11/14)
Check here if Multiple Sellers
Withholding on Sales or Transfer of Real Property and
Associated Tangible Personal Property by Nonresidents
Check here if Installment Sale
Amended Return
1. Seller’s Name
2. Seller’s Social Security or FEI Number (Required)
11. Date of Sale or
_______________
Installment Payment Date
3. Spouse’s Name
4. Spouse’s Social Security or FEI Number
12. Total Sales Price
$_______________
13. Taxable Amount or Gain
5. Seller’s Street Address, City, State, and ZIP Code
(Affidavit required)
$_______________
14. Amount Withheld or
6. Buyer’s Name
7. Buyer’s Social Security or FEI Number
Remitted to State
$_______________
Remit to:
8. Spouse’s Name
9. Spouse’s Social Security or FEI Number
Georgia Department of Revenue
Processing Center
10. Buyer’s Street Address, City, State, and ZIP Code
P O Box 105678
Atlanta, GA 30348-5678
Contact Person
Telephone Number
COPY 1 - STATE COPY
------------------------------------------------------------------------------------------------------------------------------------------------------
Instructions
Line 1.
If more than one seller (other than the spouse), submit a separate form for each.
Line 2.
Social Security number or FEI number is required.
Line 3.
If jointly owned with spouse, include the spouse’s name.
Line 4.
Include the Social Security number of spouse if jointly owned with spouse.
Line 5.
Seller’s Street Address, City, State and Zip code.
Line 6.
If more than one buyer (other than the spouse), submit a separate form for each.
Line 7.
Social security number or FEI number is required.
Line 8.
If jointly owned with spouse, include the spouse’s name.
Line 9.
Include the Social Security number of spouse if jointly owned with spouse.
Line 10.
Buyer’s Street Address, City, State and Zip code.
Line 11.
Date the sale or transfer of real property and associated tangible personal property took place or the installment payment date.
Line 12.
Total amount paid for the real property and associated tangible personal property, including the value or any real, personal, tangible or
intangible property given in consideration of the sale or transfer. If multiple sellers, list only the portion attributed to the sellers listed
on Line 1 and Line 3.
Line 13.
If the taxable gain from the sale or transfer is known, and the taxable amount or gain is less than the sales price, the seller may execute an
affidavit (Form IT-AFF2) to the buyer, swearing to the taxable amount or gain, and the amount to be withheld (Line 14) may be computed
using the taxable amount or gain; otherwise, the amount to be withheld and remitted (Line 14) is to be calculated based on the total sales
price (Line 12). If multiple sellers, list only the portion attributed to the sellers listed on Line 1 and Line 3.
Line 14.
Amount withheld and remitted to the State shall be 3% of the total sales price (Line 12), unless the seller has supplied an affidavit
(Form IT-AFF2) to the buyer, and a copy to the State, in which case, the amount withheld and remitted to the State shall be computed as
3% of the taxable amount or gain on (Line 13).
Remit tax by mailing this form with payment for the amount on Line 14 on or before the last day of the month following the closing. Penalty and
interest shall be applied if received late. The seller should retain copies of all forms executed and provide a copy to the Buyer. When the seller files
a Georgia Income tax return, a copy of Form G2-RP must be attached.
Please note: For the purpose of this withholding, the person or entity identified as the seller on the settlement statement shall be considered
the seller. If the seller is a disregarded single member limited liability company (SMLLC), both the SMLLC and its owner should be listed as the
seller on this form. Both the SMLLC and its owner may be listed on the settlement statement.
Installment Transaction- Every buyer or transfer of real property that is sold on the installment basis is required to deduct and withhold the
withholding tax. The initial return and initial payment shall be remitted on or before the last day of the calendar month following the calendar
month within which the sale or transfer occurred. The initial payment is calculated by taking 3% of the purchase price less the installment
note or if the seller elects to base the withholding on the gain enter 3% of the initial gain being recognized. Thereafter, enter the amount of
installment payment or gain attributable to the installment payment made on the date reflected on Line 11.
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