This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form LPC-2 for the current year.
This document contains official instructions for Form LPC-2 , Notification of Transfer of Land Preservation Credit - a form released and collected by the Virginia Department of Taxation. An up-to-date fillable Form LPC-2 is available for download through this link.
Q: What is Form LPC-2?
A: Form LPC-2 is a document used for the notification of transfer of Land Preservation Credit in Virginia.
Q: What is Land Preservation Credit?
A: Land Preservation Credit is a program that provides tax credits to landowners who participate in land preservation programs in Virginia.
Q: Who needs to file Form LPC-2?
A: Form LPC-2 must be filed by the transferor and transferee involved in the transfer of Land Preservation Credit.
Q: What information is required on Form LPC-2?
A: Form LPC-2 requires details about the transferor, transferee, the transferred credit, and a legal description of the property.
Q: Are there any filing fees for Form LPC-2?
A: No, there are no filing fees associated with Form LPC-2.
Q: When should Form LPC-2 be filed?
A: Form LPC-2 must be filed within 90 days of the transfer of the Land Preservation Credit.
Q: What happens after Form LPC-2 is filed?
A: After Form LPC-2 is filed, the Virginia Department of Taxation will review the form and process the transfer of the Land Preservation Credit.
Q: Can Form LPC-2 be filed electronically?
A: No, Form LPC-2 must be filed by mail or in person to the Virginia Department of Taxation.
Instruction Details:
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