Pennsylvania Realty Transfer Tax Declaration of Acquisition

Realty Transfer Tax Declaration of Acquisition
Realty Transfer Tax Declaration of Acquisition (REV-1728)
IMPORTANT: FILL IN FORM MUST BE DOWNLOADED ONTO YOUR COMPUTER PRIOR TO COMPLETING
1728021105
(EX) MOD 01-21 (FI)

REV-1728

REALTY TRANSFER TAX
DECLARATION OF
ACQUISITION

BUREAU OF INDIVIDUAL TAXES

OFFICIAL USE ONLY
State Tax Paid:
Book:

Page:

Instrument Number:
Date Recorded:

A Corporation or Association that qualifies as a “Real Estate Company” must file a Declaration of Acquisition form within thirty (30) days after becoming
an “Acquired Company” as defined in 72 P.S. §8102-C.5 in every county in which the corporation or association owns real estate.

SECTION I
START

TRANSFER DATA

Company Name

➜

Street Address
City

State

FEIN

Date on which the company became an acquired company

ZIP Code

County in which this Declaration of Acquisition is being recorded

List all other counties in which a Declaration of Acquisition must be recorded

SECTION II
School District

PROPERTY LOCATION
Political Subdivision

PROPERTY VALUATION

SECTION III
Tax Parcel Number

1. County
Assessed Value

3. Common
2. Percent of
Level Ratio
Ownership
Factor

4. Computed
Value

X

X

=

X

X

=

X

X

=

X

X

=

X

X

=
Total

SECTION IV

CORRESPONDENT INFORMATION All inquiries may be directed to the following person
Telephone Number

Name
Street Address
City

State

ZIP Code

Date

Signature of Correspondent or Responsible Party

PLEASE SIGN AFTER PRINTING.
t RECORDER’S USE ONLY t

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Instructions for REV-1728

REV-1728 IN (EX) MOD 01-21

GENERAL INFORMATION
This declaration must be filed in duplicate with the
recorder(s) of deeds in every county in which the
corporation or association owns real estate. The amount of
Realty Transfer tax due is based on the total computed
value of all properties listed in Section III, Column 4. The
total Computed Value of all properties listed must be
reported in Total. Payment should be remitted to the
recorder of deeds.
IMPORTANT: This declaration must be signed by a
responsible person connected with the transaction.
Recording Requirements
A real estate company must record a Realty Transfer Tax
Declaration of Acquisition within 30 days after becoming an
“Acquired Company.”
IMPORTANT: PENALTY FOR FAILURE TO
RECORD DECLARATION OF ACQUISITION.
When a Declaration of Acquisition is not recorded with the
recorder of deeds 30 days after becoming an acquired
company, a penalty in the amount of 5% of the realty transfer
tax due is imposed for each month or fraction thereof in
which the tax remains delinquent, but not to exceed 50% in
the aggregate.
Real Estate Company
A corporation or association is a real estate company when
it is primarily engaged in the business of holding, selling or
leasing realty 90% or more of the ownership interest in which
is held by 35 or fewer persons and which does one of the
following: (1) Derives 60% or more of its annual gross
receipts from the ownership or disposition of realty. (2) Holds
realty, the value which comprises 90% or more of its entire
tangible asset holdings, exclusive of tangible assets which
are freely transferable and actively traded on an established
market.

Realty Transfer Tax Declaration of Acquisition
involuntary dissolution, it ceases to be a family farm
business or when, because of issuance or transfer of stock
or because of acquisition, change in use, or transfer of
assets that are devoted to the business of agriculture, it fails
to meet the minimum requirements of a family farm
business.
Members of the Same Family
An individual, such individual’s brothers and sisters, the
brothers and sisters of such individual’s parents and
grandparents, the ancestors and lineal descendents of any
of the foregoing, a spouse of any of the foregoing, and the
estate of any of the foregoing. Individuals related by the half
blood or by legal adoption are treated as related by the
whole blood.

LINE INSTRUCTIONS
SECTION I
TRANSFER DATA
Complete all information regarding the transfer as indicated.

SECTION II
PROPERTY LOCATION
List only those parcels of real estate located in the county in
which this form is being recorded. Itemize each parcel by
school district location. Indicate the political subdivision in
which each parcel is located and the tax parcel number
where applicable.

SECTION III
PROPERTY VALUATION
Complete for each of the parcels of real estate itemized in
Section II.

COLUMN 1

Acquired Company
A real estate company becomes an acquired company when
90% or more of the company’s total ownership interest has
been transferred within a period of three (3) years. A transfer
of an ownership interest between members of the same
family is disregarded for purposes of determining whether
an acquisition has occurred.

COUNTY ASSESSED VALUE
Enter the actual assessed value of the real estate as per
records of the county assessment office.

Family Farm Business
A family farm business (corporation or association) becomes
an acquired company when because of voluntary or

PERCENT OF OWNERSHIP
Enter the acquired company’s direct or indirect percentage
ownership interest in the real estate.

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COLUMN 2

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COLUMN 3
COMMON LEVEL RATIO FACTOR
Enter the common level ratio factor applicable for the county
in which this form is being recorded. Visit the department's
website at www.revenue.pa.gov to locate the common level
ratio factors.

COLUMN 4
COMPUTED VALUE
Multiply the county assessed value (Column 1) by the
percentage of ownership (Column 2), then by the common
level ratio factor (Column 3) and enter the result in Column
4 and Total at the bottom. This is the total taxable value upon
which state and local realty transfer tax is due. The state

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REV-1728

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realty transfer tax is 1% of the total computed value. The
local rate varies by jurisdiction. Contact the local taxing
jurisdiction for the applicable tax rate(s).

SECTION IV
CORRESPONDENT INFORMATION
Enter the name, address and telephone number of party
completing this form.
IMPORTANT: This declaration must be signed by a
responsible person connected with the transaction.

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