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New Hampshire Free Printable cd-57-hc-p-2023 (1).pdf for 2024 New Hampshire Real Estate Transfer Tax Declaration of Consideration for Holding Companies (Purchaser)

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Real Estate Transfer Tax Declaration of Consideration for Holding Companies (Purchaser)
cd-57-hc-p-2023 (1).pdf

Print Form New Hampshire *CD57HP2311862* CD-57-HC-P Department of Revenue Administration Reset Form CD57HP2311862 REAL ESTATE TRANSFER TAX DECLARATION OF CONSIDERATION FOR REAL ESTATE HOLDING COMPANIES (PURCHASER) STEP 1 - PURCHASER Grantee / Assignee / Transferee (use mailing address) Original Return Entity Type - (Check One): Individual Partnership Joint Corporation Trust LLC Last Name / Entity First Name FEIN / SSN Last Name / Entity First Name FEIN / SSN Street No. Street Name Apt / Unit City State Amended Return Phone Number Zip Code + 4 (or Canadian Postal Code) Email (optional) STEP 2 - SELLER (use mailing address) Grantor / Assignor / Transferor Last Name / Entity First Name Last Name / Entity First Name Street No. Street Name Apt / Unit State City Phone Number Zip Code + 4 (or Canadian Postal Code) Email (optional) STEP 3 - REAL ESTATE HOLDING COMPANY Entity Type - (Check One): Proprietorship Corporation / Combined Group Street Name Apt / Unit State City Fiduciary FEIN Entity Street No. Partnership Phone Number Zip Code + 4 (or Canadian Postal Code) Email (optional) CD-57-HC-P Version 1 08/2023 Page 1 of 5 New Hampshire Department of Revenue Administration *CD57HP2321862* CD-57-HC-P CD57HP2321862 REAL ESTATE TRANSFER TAX DECLARATION OF CONSIDERATION FOR REAL ESTATE HOLDING COMPANIES (PURCHASER) STEP 4 - REAL ESTATE ` County Municipality Street No. Apt / Unit Street Name Tax Map Block Lot Acreage Number of Parcels Purchased Multi Town Sale? Yes If Yes, list municipalities: No Property Use (Check One): Residential Commercial Mixed Res / Comm Industrial Other Property Type (Check All That Apply): Land Only Building Only Land & Building Condo Condex Multi-unit Timber Rights Mineral Rights Features (Check One): Manufactured Housing Waterfront Water Access Land & Manufactured Housing If multi-unit building, how many units? STEP 5 - TRANSFER DATE Transfer Date STEP 6 - CALCULATE THE TAX AMOUNT 1) Fair market value of all NH real estate 2) Percentage of interest transferred (decimal) 3) Consideration (Line 1 multiplied by Line 2) 4) Divide Line 3 by $100 5) Tax rate per $100 at time of transfer (See instructions) 0 . 6) Subtotal of Tax (Minimum of $20 for all considerations $4,000 or less, per RSA 78-B:1) 7(a) Interest 7(b) Penalties 8) Total of Lines 6, 7(a), and 7(b). Make check payable to State of NH. Enclose your payment with this return Are you claiming tax exemption under RSA 78-B:2? CD-57-HC-P Version 1 08/2023 If Yes, please explain: Yes No Page 2 of 5 7 5 New Hampshire Department of Revenue Administration *CD57HP2331862* CD-57-HC-P CD57HP2331862 REAL ESTATE TRANSFER TAX DECLARATION OF CONSIDERATION FOR REAL ESTATE HOLDING COMPANIES (PURCHASER) STEP 7 - PREPARER Entity First Name Last Name Street No. Street Name City Phone Number Apt / Unit State Zip Code + 4 (or Canadian Postal Code) Email (optional) STEP 8 - SIGNATURES Power of Attorney (POA): By checking this box and signing below, you authorize the preparer listed on this return to act on your behalf for this return only. TAXPAYER'S SIGNATURE & INFORMATION (Purchaser's Signature is Required) Under penalties of perjury, I declare that I have examined this return and to the best of my belief it is true, correct and complete. I also agree and affirm that the full price or consideration paid for the interest transferred through this transaction is as reported in Step 6(3) of this form. Purchaser 1 Signature MMDDYYYY Purchaser 1 Printed Name Purchaser 2 Signature MMDDYYYY Purchaser 2 Printed Name PREPARER'S SIGNATURE & INFORMATION (If prepared by someone other than the Purchaser) Under penalties of perjury, I declare that I have examined this return and to the best of my belief it is true, correct and complete. (If prepared by a person other than the taxpayer, this declaration is based on all information of which the preparer has knowledge.) Preparer's Signature (if other than taxpayer) MMDDYYYY Preparer's Printed Name (required if POA box is checked) CD-57-HC-P Version 1 08/2023 Page 3 of 5 New Hampshire Department of Revenue Administration CD-57-HC-P General Questions WHAT IS REAL ESTATE TRANSFER TAX? It is a tax on the transfer, sale or granting of real property or an interest in real property. Where the price of consideration is $4,000 or less there is a minimum tax of $20 to both, the purchaser and the seller. Tax rate from 7/1/99-Present is $0.75 per $100. WHAT IS A REAL ESTATE HOLDING COMPANY? A "Real Estate Holding Company" means an organization which is engaged principally in owning, holding, selling, or leasing real estate and which owns real estate or an interest in real estate within the state. WHAT IS FAIR MARKET VALUE? Rev 801.04 "Fair market value" means the price property would command if sold by a seller who is willing, but not compelled, to sell and purchased by a purchaser who is willing, but not compelled, to purchase. WHEN TO FILE A Declaration of Consideration for Real Estate Holding Companies must be filed with the NH Department of Revenue Administration (NH DRA) within 30 days of the transfer. WHO MUST FILE The purchaser, grantee, assignee, or transferee must sign and file the Declaration CD-57-HC-P with payment. A Declaration must be filed for all transfers of interests in real estate holding companies, as defined by RSA 78-B:1-a, VI, holding real estate, or interest in real estate, the transfer of which would be taxable under the provisions of RSA 78-B if transferred directly. WHO MUST PAY The tax is assessed on both the purchaser and the seller, with a minimum charge of $20 each. WHERE TO FILE File online at Granite Tax Connect www.revenue.nh.gov/gtc or by mail to NH Department of Revenue Administration, Taxpayer Services Division, PO Box 637, Concord, NH 03302-0637 PENALTIES FAILURE TO FILE: If a return is not filed on a timely basis, a failure to file penalty equal to 5% of the outstanding balance, with a minimum of $10 per month, is charged for each of the first five months or parts thereof after the return is due. The total amount of this penalty shall not exceed 25% of the balance of tax due or $50, whichever is greater. FAILURE TO PAY: A penalty equal to 10% of any nonpayment or underpayment of taxes shall be imposed if the taxpayer fails to pay when due. If the failure to pay is due to fraud, the penalty shall be 50% of the amount of nonpayment or underpayment. In addition, there is a penalty equal to 100% of the additional tax due if either the buyer or seller makes a false statement on either the transfer tax form or deed that no tax is due, or pays tax on less than the actual price or consideration for the transfer. The 100% false statement penalty is in lieu of the 10% late payment penalty. NEED FORMS? To obtain additional forms please call (603) 230-5001. Copies of Form CD-57-HC-P may also be obtained from our web site at www.revenue.nh.gov. NEED HELP? Questions not covered here may be answered in our Frequently Asked Questions (FAQ) available on our website at www.revenue.nh.gov/ or by calling Taxpayer Services at (603) 230-5920, Monday through Friday, 8:00 am to 4:30 pm. All written correspondence to the Department should include the taxpayer name, taxpayer identification number, the name of a contact person and a daytime telephone number. Individuals who need auxiliary aids for effective communications in programs and services of the New Hampshire Department of Revenue Administration are invited to make their needs and preferences known. Individuals with hearing or speech impairments may call TDD Access: Relay NH 1-800-735- 2964. CD-57-HC-P Version 1 08/2023 Page 4 of 5 New Hampshire Department of Revenue Administration CD-57-HC-P Line-By-Line Instructions STEP 1 - Purchaser(s) Enter the full name and address of the purchaser(s), grantee(s), assignee(s) or transferee(s) and the taxpayer identification number(s). Email address is an optional field. Please attach a supplemental schedule for 2 or more purchasers. STEP 2 - Seller(s) Enter the full name and address of the seller(s), grantor(s), assignor(s) or transferor(s). Email address is an optional field. Please attach a supplemental schedule for 2 or more sellers. STEP 3 - Real Estate Holding Company Enter the name, taxpayer identification number and address of the Real Estate Holding Company and check the appropriate box for entity type. Email address is an optional field STEP 4 - Real Estate Property Location and Description: Enter the municipality, county, street number, street name, and apartment/unit number where the property is located. Provide the tax map, block and lot (parcel identification number) used by the municipality to identify the parcel as well as the area in acres and the number of parcels purchased. If the sale is a multi-town sale please enter all of the municipalities where parcels are located. Property Use: Select the primary use of the parcel, only one option may be selected. Property Type: Select the property type of the parcel, select all that apply. Features: Identify if the parcel is waterfront or has water access, if applicable. Only one option may be selected. For multi-unit buildings please indicate the number of units. Attach a supplemental schedule for additional properties. STEP 5 - Transfer Date Enter the date of transfer of interest in the Real Estate Holding Company. STEP 6 - Calculate the Tax Amount Line 1: Enter the fair market value of all New Hampshire real estate. Line 2: Enter the percentage of interest being transferred expressed as a decimal to six places. Line 3: Enter the result of Line 1 multiplied by Line 2. Line 4: Divide the amount on Line 3 by $100. Line 5: Enter the tax rate in effect as of the date of transfer. Tax rate from 7/1/99 - Present is $0.75 per $100. Please contact the NH DRA for rates prior to 7/1/99. Line 6: Enter the subtotal for the purchaser by multiplying Line 4 by Line 5, rounded to the nearest INTEREST PERIOD whole dollar. RATE Line 7a: Interest is calculated on the balance of tax due from the original due date to the date paid. 1/1/2024 - 12/31/2024 9% See interest rate chart to the right 1/1/2023 - 12/31/2023 7% Line 7b: Penalties. See page 4. 1/1/2021 - 12/31/2022 5% Line 8: Enter the total of Lines 6, 7(a) and 7(b). 1/1/2019 - 12/31/2020 7% STEP 7 - Preparer If this form was filled out by someone other than the purchaser, please enter the full name, entity, address, phone number and email address (optional) of the preparer. 1/1/2017 1/1/2013 - 12/31/2018 6% - 12/31/2016 5% 6% 1/1/2012 - 12/31/2012 Contact NH DRA for rates prior to 1/1/2012 STEP 8 - Signatures (Paper Form) Power of Attorney (POA): By checking the POA box, and signing below, the taxpayer authorizes the preparer listed in Step 8 to act on your behalf for this return only. Purchaser's Signature and Information: The Form must be signed in ink and dated by the Purchaser(s). Preparer's Signature and Information: If the Form was prepared by someone other than the Purchaser, the Form must be dated and signed in ink by the preparer. The preparer's printed name is also required if the POA box is checked. CD-57-HC-P Version 1 08/2023 Page 5 of 5
Extracted from PDF file 2023-new-hampshire-form-cd-57-hc-p.pdf, last modified April 2023

More about the New Hampshire Form CD-57-HC-P Individual Income Tax TY 2023

This form is to be completed and signed by a purchaser of a property for the tax due on the transfer of the property they are buying

We last updated the Real Estate Transfer Tax Declaration of Consideration for Holding Companies (Purchaser) in February 2024, so this is the latest version of Form CD-57-HC-P, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CD-57-HC-P directly from TaxFormFinder. You can print other New Hampshire tax forms here.

Related New Hampshire Individual Income Tax Forms:

TaxFormFinder has an additional 51 New Hampshire income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the New Hampshire Form CD-57-HC-P.

Form Code Form Name
CD-57-S Real Estate Transfer Tax Declaration of Consideration (Seller)
Form CD-57-HC-S Real Estate Transfer Tax Declaration of Consideration for Holding Companies (Seller)
CD-57-P Real Estate Transfer Tax Declaration of Consideration (Purchaser)

Download all NH tax forms View all 52 New Hampshire Income Tax Forms


Form Sources:

New Hampshire usually releases forms for the current tax year between January and April. We last updated New Hampshire Form CD-57-HC-P from the Department of Revenue Administration in February 2024.

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About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of New Hampshire Form CD-57-HC-P

We have a total of two past-year versions of Form CD-57-HC-P in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form CD-57-HC-P

cd-57-hc-p-2023 (1).pdf

2022 Form CD-57-HC-P

cd-57-hc-p-2021-print.pdf


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