Form Cd-57hc Instructions - Real Estate Transfer Tax Declaration Of Consideration For Real Estate Holding Companies

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FORM
NEW HAMPSHIRE DEPARTMENT OF REVENUE ADMINISTRATION
CD-57HC
REAL ESTATE TRANSFER TAX DECLARATION OF
Instructions
CONSIDERATION FOR REAL ESTATE HOLDING COMPANIES
RSA 78-B:10
GENERAL INSTRUCTIONS
WHO
The purchaser, grantee, assignee, or transferee must file the Declaration. A Declaration must be filed for all transfers
MUST
of transferrable interests in real estate holding companies, as defined by RSA 78-B:1-a, VI, holding real estate, the
transfer of which would be taxable under the provisions of RSA 78-B if transferred directly.
FILE
WHEN TO
The Form CD-75HC, Declaration of Consideration, must be filed and the tax paid to the Department of Revenue
FILE AND
Administration no later than 30 days from the date of the transfer.
PAY
WHERE TO
File the Declaration of Consideration and payment with:
NH Department of Revenue Administration
FILE
Documents Processing Division
45 Chenell Drive
PO Box 2035
Concord, NH 03302-2035
Specific questions relating to this form or the Real Estate Transfer Tax should be referred to:
SPECIFIC
NH Department of Revenue Administration
QUESTIONS
Collection Division
45 Chenell Drive
Concord, NH 03301
Telephone: (603)271-3701
TTY/TDD Relay Services for the deaf and speech impaired: 1-800-735-2964
LINE-BY-LINE INSTRUCTIONS
Buyer: Enter the full name and address of the purchaser, grantee, assignee or transferee and the social security
LINE 1
number or federal employer identification number.
LINE 2
Seller: Enter the full name and address of the seller, grantor, assignor, or transferor and the social security number or
federal employer identification number.
LINE 3
Real Estate Holding Company: Enter the complete name and address of the Real Estate Holding Company and the
federal employer identification number and type of entity (Corporation, LLC, Partnership, Fiduciary). Pursuant to RSA
78-B:1-a, VI, a "Real Estate Holding Company" means a business organization, as defined in RSA 77-A:1,I, which is
engaged in the business of holding, selling or leasing real estate which derives more than 50 percent of its annual
gross receipts from the ownership or disposition of real estate; or holds real estate, the fair market value of which
comprises more than 50 percent of the total market value of the assets of the company exclusive of goodwill.
LINE 4
Property location and description: Enter the county, municipality and County Registry of Deeds book and page
number where the property held by the Real Estate Holding Company is located and recorded. Give a brief description
of the property in the space provided. If the interest in property being transferred consists of multiple parcels in the
same city/town or of parcels in more than one city/town, attach a separate schedule. Show the city/town, county, book
and page numbers and a brief description.
LINE 5
Percent of interest and date of transfer: Enter the percentage of interest of the Real Estate Holding Company that is
being transferred and the date of the transfer.
Fair market value and tax calculation: Calculate the tax by entering the fair market value of all New Hampshire real
LINE 6 (a)
estate on line 6(a) and multiplying it times the percentage of interest being transferred on line 6(b). Enter the results
through
on line 6(c). Round the amount on line 6(c) up to the nearest $100 and enter the result on line 6(d). Divide the amount
LINE 6 (g)
on line 6(d) by 100 and enter the result on line 6(e). Show the tax rate in effect as of the date of transfer on line 6(f) and
multiply line 6(e) by the rate shown on line 6(f). Enter the tax due on line 6(g) and mail payment with this form.
LINE 7
Signatures: Signatures by both the buyer(s) and the seller(s) are required. The signatures must be witnessed and
dated in the spaces provided.
CD-57HC
Instructions
Rev 2/00

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