New Hampshire Real Estate Transfer Tax Declaration of Consideration for Holding Companies (Seller)

Real Estate Transfer Tax Declaration of Consideration for Holding Companies (Seller)
cd-57-hc-s-2023 (1).pdf
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New Hampshire
Department of
Revenue Administration

Reset Form

*CD57HS2311862*

CD-57-HC-S

CD57HS2311862

REAL ESTATE TRANSFER TAX DECLARATION OF CONSIDERATION FOR REAL ESTATE HOLDING COMPANIES (SELLER)
STEP 1 - SELLER

(use mailing address)

Grantor / Assignor / Transferor

Original Return
Entity Type - (Check One):

Individual

Joint

Partnership

Corporation

Trust

LLC

Last Name / Entity

First Name

FEIN / SSN

Last Name / Entity

First Name

FEIN / SSN

Street No.

Street Name

City

Apt / Unit

State

Amended Return

Phone Number

Zip Code + 4 (or Canadian Postal Code)

Email (optional)

STEP 2 - PURCHASER

Grantee / Assignee / Transferee

(use mailing address)

Last Name / Entity

First Name

Last Name / Entity

First Name

Street No.

Apt / Unit

Street Name

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-S
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New Hampshire
Department of
Revenue Administration

*CD57HS2321862*

CD-57-HC-S

CD57HS2321862

REAL ESTATE TRANSFER TAX DECLARATION OF CONSIDERATION FOR REAL ESTATE HOLDING COMPANIES (SELLER)
STEP 4 - REAL ESTATE
County

Municipality

Street No.

Street Name

Apt / Unit

Tax Map

Block

Lot

Acreage
Number of Parcels Purchased
Multi Town Sale?
Yes

If Yes, list municipalities:
No

Property Use
(Check One):
Property Type
(Check All
That Apply):
Features
(Check One):

Residential

Commercial

Mixed Res / Comm

Industrial

Other

Land Only

Building Only

Land & Building

Condo

Condex

Manufactured Housing

Multi-unit

Timber Rights

Mineral Rights

Waterfront

If multi-unit building, how many units?

Water Access

STEP 5 - TRANSFER DATE

Land & Manufactured Housing

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-S
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If Yes, please explain:
Yes

No

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5

New Hampshire
Department of
Revenue Administration

*CD57HS2331862*

CD-57-HC-S

CD57HS2331862

REAL ESTATE TRANSFER TAX DECLARATION OF CONSIDERATION FOR REAL ESTATE HOLDING COMPANIES (SELLER)
STEP 7 - PREPARER
Entity

Last Name

Street No.

First Name

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 (Seller'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.
Seller 1 Signature

MMDDYYYY

Seller 1 Printed Name

Seller 2 Signature

MMDDYYYY

Seller 2 Printed Name

PREPARER'S SIGNATURE & INFORMATION (If prepared by someone other than the Seller)
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)

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New Hampshire
Department of
Revenue Administration

CD-57-HC-S

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. The 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 seller, grantor, assignor, or transferor must sign and file the Declaration CD-57-HC-S 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 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-S may also be obtained from our website 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.

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New Hampshire
Department of
Revenue Administration

CD-57-HC-S

Line-By-Line Instructions

STEP 1 - Seller(s)
Enter the full name and address of the seller(s), grantor(s), assignor(s) or transferor(s) and the taxpayer identification number(s). Email address
is an optional field. Please attach a supplemental schedule for 2 or more sellers.

STEP 2 - Purchaser(s)
Enter the full name and address of the purchaser(s), grantee(s), assignee(s) or transferee(s). Email address is an optional field. Please attach a
supplemental schedule for 2 or more purchasers.

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 seller by multiplying Line 4 by Line 5, rounded to the nearest whole
INTEREST
PERIOD
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 seller, 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.
Seller's Signature and Information: The Form must be signed in ink and dated by the Seller(s).
Preparer's Signature and Information: If the Form was prepared by someone other than the Seller, 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.

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