Form It-Aff3 - Seller'S Certificate Of Exemption
Download a blank fillable Form It-Aff3 - Seller'S Certificate Of Exemption in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form It-Aff3 - Seller'S Certificate Of Exemption with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1Clear
Print
IT-AFF3 (Rev. 12/11)
SELLER’S CERTIFICATE OF EXEMPTION
Seller’s Identification Number (SSN or FEI)
Seller’s Name
Street Address
Spouse’s Identification Number (if jointly owned)
City
State
ZIP Code
* If the seller is a disregarded single member limited liability company (SMLLC), both the SMLLC and its owner should
be listed as the seller.
INSTRUCTIONS
This form is provided for the convenience of the seller and the protection of the buyer, to be executed in sales or transfers
of real property by nonresidents when the seller is exempt from the withholding requirements imposed by O.C.G.A. Section
48-7-128. This form is not required, but the seller may wish to execute this form or a similar document to protect all parties
to the transaction.
To execute this form, the seller is to initial any statement which applies. If any one of the statements below applies to the
seller, the transaction is exempt.
This is to certify that the seller of this property is not a resident of Georgia, but is exempt from the withholding
provisions of O.C.G.A. Section 48-7-128 by virtue of the following:
The property being sold is the seller's principal residence and none of the gain is required to be included in Federal
adjusted gross income.
The seller is a mortgagor conveying the mortgaged property to a mortgagee in foreclosure or in a transfer in lieu of
foreclosure with no additional consideration.
The seller or buyer is an agency or authority of the United States of America or the State of Georgia.
The seller or buyer is the Federal National Mortgage Association, the Government National Mortgage Association,
or the Federal Home Loan Mortgage Corporation.
The seller or buyer is a private mortgage insurance company.
The purchase price of the property is less than $ 20,000.
The seller is subject to withholding under O.C.G.A. Section 48-7-129, and a composite return has been or will be
filed on the seller's behalf .
The seller is a tax exempt organization and the income from this sale is not subject to federal or state income tax.
The seller is an insurance company which pays to Georgia a tax on its premium income.
The transaction is a like kind exchange and the income from this sale is not subject to federal or state income tax.
The withholding liability is less than $600 as shown on a completed Affidavit of Seller’s Gain (Form IT-AFF2).
Under penalties of perjury, I swear that the above information is to the best of my knowledge and belief, true, correct
and complete.
______________________________________________
_______________________________________________
Seller’s Signature (and Title, if applicable)
Date
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial