Form 5401(8)CO Realty Transfer Tax Declaration for Certificate of Compliance or Occupancy - Delaware

What Is Form 5401(8)CO?

This is a legal form that was released by the Delaware Department of Finance - Division of Revenue - a government authority operating within Delaware. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 5401(8)CO?
A: Form 5401(8)CO is the Realty Transfer Tax Declaration for Certificate of Compliance or Occupancy in Delaware.

Q: What is the purpose of Form 5401(8)CO?
A: The purpose of Form 5401(8)CO is to declare the transaction details and pay the realty transfer tax when obtaining a Certificate of Compliance or Occupancy.

Q: Who needs to file Form 5401(8)CO?
A: Anyone who is obtaining a Certificate of Compliance or Occupancy in Delaware and is subject to the realty transfer tax needs to file Form 5401(8)CO.

Q: Is there a fee for filing Form 5401(8)CO?
A: Yes, there is a fee associated with filing Form 5401(8)CO. The fee amount varies depending on the transaction.

Q: What are the consequences of not filing Form 5401(8)CO?
A: Failure to file Form 5401(8)CO or pay the required realty transfer tax may result in penalties and interest charges.

Q: Are there any exemptions or deductions available for the realty transfer tax?
A: Yes, there are certain exemptions and deductions available for the realty transfer tax. It is recommended to consult with a tax professional or refer to the Delaware Division of Revenue's guidelines for more information.