Delaware Real Estate Tax Return – Declaration of Estimated Income Tax

Real Estate Tax Return – Declaration of Estimated Income Tax
Form REW-EST
D
ELAWARE
DIVISION OF REVENUE

F

O

R

M

REW-EST

REAL ESTATE TAX RETURN
DECLARATION OF ESTIMATED INCOME TAX

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Formerly 5403

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Form REW-EST must be completed for all conveyances, and must be presented at the time of recording.
DESCRIPTION OF THE PROPERTY

PART

1

ADDRESS OF THE PROPERTY
ADDRESS
ADDRESS 2
CITY
STATE

TAX PARCEL NO.

PART

2

PART

4

KENT

NEW CASTLE
TRANSFEROR/SELLER IS:

Individual or Revocable Living Trust
Corporation
Trust or Estate
Business Trust

ZIP CODE
SUSSEX

TRANSFEROR OR SELLER ACQUIRED PROPERTY BY:

PART

3

Partnership
S Corporation
Limited Liability Company
Other:

DATE OF TRANSFER

Purchase
Gift
Inheritance
1031 Exchange

Foreclosure / Repossession
Other

TRANSFEROR/SELLER’S NAME; SSN OR EIN; AND ADDRESS TO WHICH CORRESPONDENCE IS TO BE MAILED AFTER SETTLEMENT
FIRST NAME

ADDRESS

LAST NAME

ADDRESS 2

TAXPAYER ID

CITY
STATE

ZIP CODE

Enter only one name and SSN or EIN per return. If more than one transferor/seller, use separate forms for each; however, if transferors/sellers are spouses, enter
only the primary taxpayer name and SSN, and only file one return. If transferor/seller is a pass-through entity, list EIN of the pass-through entity and attach a
schedule listing each non-resident member or stockholder and their share of the tax being paid with the return.

PART

5

IF APPLICABLE, CHECK APPROPRIATE BOX. (Check no more than one box.)

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Transferor/seller is a resident (a) individual, (b) pass-through entity or (c) corporation, and not subject to withholding under 30 Del. C §§ 1126, 1606 or 1909;
Sale or exchange exempt from gain realization;
Gain realized excluded from income for tax year of sale or exchange;
Sale exempt due to foreclosure. (See Instructions)
If any box in Part 5 is checked, DO NOT complete Parts 6, 7 and 8 below. No payment is due at this time.

PART

6

COMPUTATION OF PAYMENT AND TAX TO BE WITHHELD (See instructions.)
6a

TOTAL SALES PRICE

6b

LESS SELLING EXPENSES/REDUCTIONS TO SALE PRICE

6c

NET SALES PRICE (Subtract Line 6b from Line 6a)

6d

ADJUSTED BASIS OF PROPERTY OR LIENS PAID AT SETTLEMENT

6e

TOTAL GAIN (Subtract line 6d from line 6c)

6f

DELAWARE ESTIMATED INCOME TAX DUE - Multiply line 6e by 8.7% for C corp., and by 6.6% for all others

.00
.00
0 .00
.00
0 .00
0 .00

NOTE: If Part 6 is not filled out or is incomplete, the required 6.6% or 8.7% will be withheld from
the net proceeds at settlement and submitted to the Division of Revenue as required by law.

PART

7

PART

8

NOTE: If completing this section, when you recognize any gain arising from the sale
of property in the State of Delaware, you must report and remit the tax due to the
State of Delaware on that transaction.

Check this box if the transferor/seller
is reporting gain under the installment
method. No tax is payable at this time.

8

.00

DELAWARE ESTIMATED INCOME TAX PAID (See instructions)

Under penalty of perjury, I declare that I have examined this return and to the best of my knowledge and belief, it is true, correct and complete.
If prepared by a person other than the transferor/seller, the declaration is based on all information of which the preparer has any knowledge.
Transferor/Seller, please sign and print full name and title (if any):

AUTHORIZED SIGNATURE

PRINT NAME

DATE

DFREWEST2021019999V1
Revision 20211014

Page 1

TITLE
MAIL COMPLETED FORM TO:
Delaware Division of Revenue
820 N. French Street
PO Box 8763
Wilmington, DE 19899-8763