Instructions for Form RTT-TAX Realty Transfer Tax Return and Affidavit of Gain and Value - Delaware

Form RTT-TAX Realty Transfer Tax Return and Affidavit of Gain and Value - Delaware

This document contains official instructions for Form RTT-TAX , Realty Transfer Tax Return and Affidavit of Gain and Value - a form released and collected by the Delaware Department of Finance - Division of Revenue. An up-to-date fillable Form RTT-TAX is available for download through this link.

FAQ

Q: What is Form RTT-TAX?
A: Form RTT-TAX is the Realty Transfer Tax Return and Affidavit of Gain and Value form used in Delaware.

Q: What is the purpose of Form RTT-TAX?
A: The purpose of Form RTT-TAX is to report and pay the realty transfer tax and provide information about the transfer of real property in Delaware.

Q: Who needs to file Form RTT-TAX?
A: Any person or entity transferring real property in Delaware is required to file Form RTT-TAX.

Q: What information do I need to provide on Form RTT-TAX?
A: You will need to provide information about the property being transferred, the purchase price or value of the property, and the parties involved in the transfer.

Q: When is the deadline for filing Form RTT-TAX?
A: Form RTT-TAX must be filed within 30 days of the transfer of the property.

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. You should consult the instructions for Form RTT-TAX or the Delaware Division of Revenue for more information.

Q: What happens if I don't file or pay the realty transfer tax?
A: Failure to file or pay the realty transfer tax can result in penalties and interest, and may affect the validity of the property transfer.