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Form ACR521 Documentary Transfer Tax Affidavit - County of Riverside, California
What Is Form ACR521?
This is a legal form that was released by the California Department of Tax and Fee Administration - a government authority operating within California. The form may be used strictly within County of Riverside. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is an ACR521 Documentary Transfer Tax Affidavit?
A: The ACR521 Documentary Transfer Tax Affidavit is a legal document used in the County of Riverside, California to declare the transfer of property and calculate the documentary transfer tax.
Q: What is the purpose of the ACR521 Documentary Transfer Tax Affidavit?
A: The purpose of the ACR521 Documentary Transfer Tax Affidavit is to establish the value of the property being transferred and determine the amount of documentary transfer tax that needs to be paid.
Q: Who needs to file the ACR521 Documentary Transfer Tax Affidavit?
A: The person or entity transferring the property is responsible for filing the ACR521 Documentary Transfer Tax Affidavit.
Q: What information is required in the ACR521 Documentary Transfer Tax Affidavit?
A: The ACR521 Documentary Transfer Tax Affidavit requires information such as the property address, purchase price, and the names of the buyer and seller.
Q: When should the ACR521 Documentary Transfer Tax Affidavit be filed?
A: The ACR521 Documentary Transfer Tax Affidavit should be filed within 30 days of the property transfer.
Q: How is the documentary transfer tax calculated?
A: The documentary transfer tax is calculated based on the purchase price of the property, with a rate of $1.10 per $1,000 of value.
Q: Are there any exemptions to the documentary transfer tax?
A: Yes, certain transfers may be exempt from the documentary transfer tax, such as transfers between spouses, transfers to or from governmental entities, and transfers involving certain types of trusts or corporations. It is advised to consult with a legal professional for specific exemptions.
Form Details:
- Released on November 1, 2014;
- The latest edition provided by the California Department of Tax and Fee Administration;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form ACR521 by clicking the link below or browse more documents and templates provided by the California Department of Tax and Fee Administration.
