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Vermont Vermont Land Gains Schedules
Extracted from PDF file 2023-vermont-form-lgt-179.pdf, last modified November 2019Vermont Land Gains Schedules
Vermont Department of Taxes Phone: (802) 828-6851 VT Schedule LGT-179 133 State Street Montpelier, VT 05633-1401 *191791100* VERMONT LAND GAINS SCHEDULES * 1 9 1 7 9 1 1 0 0 * To be completed by Transferor (Seller) ATTACH TO FORM LGT-178 Please PRINT in BLUE or BLACK INK Entity TRANSFEROR Name OR Individual TRANSFEROR Last Name First Name Federal ID Number OR Initial Property Location A. Social Security Number Date of Closing BUILDINGS Complete this section if the transfer includes buildings. A1. Value of land, excluding buildings (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . A1. _________________________ A2. Value paid or transferred (from Form LGT-178, Line G1). . . . . . . . . . . . . . . A2. _________________________ A3. Percentage of gain on land (Divide Line A1 by Line A2) . . . . . . . . . . . . . . . . . A3. ______________ . _______ % A4. Total realized gain. (from Form LGT-178, Line I1). . . . . . . . . . . . . . . . A4. _________________________ A5. Taxable land gain (Multiply Line A3 by Line A4). If an exemption was not claimed on Form LGT-178, Line E1, enter the amount from Line A5 onto Form LGT-178, Line I3. If an exemption was claimed on Form LGT-178, Line E1, complete Schedule LGT-179, Part F. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A5. _________________________ B. SELLING EXPENSES B1. Legal fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B1. _________________________ B2. Sales commissions. . . . . . . . . . . . . . . . . . . . . . . . . . B2. _________________________ B3. Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B3. _________________________ B4. Other (describe) ________________________. . . B4. _________________________ Total selling expenses (Add Lines B1 - B4). Enter this figure on Form LGT-178, Line G4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B5. _________________________ B5. (continued on next page) Schedule LGT-179 5454 Page 1 of 3 Rev. 11/19 Transferee’s Name______________________________________________________ Property Location______________________________________________________ Date of this Closing_____________________________________________________ *191791200* * 1 9 1 7 9 1 2 0 0 * C. COST OF LAND C1. Cost of land. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C1. _________________________ C2. Cost of land improvements (attach list) . . . . . . . . . C2. _________________________ C3. Transfer tax at purchase. . . . . . . . . . . . . . . . . . . . . . C3. _________________________ C4. Legal fees at purchase. . . . . . . . . . . . . . . . . . . . . . . C4. _________________________ C5. Other (describe) _______________________. . . . C5. _________________________ D. C6. Total cost of land (Add Lines C1 - C5). Enter this figure on Form LGT-178, Line H1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C6. _________________________ COST OF STRUCTURES D1. Cost of structures. . . . . . . . . . . . . . . . . . . . . . . . . . . D1. _________________________ D2. Other (describe) ________________________. . . D2. _________________________ D3. Other (describe) ________________________. . . D3. _________________________ D4. Other (describe) ________________________. . . D4. _________________________ D5. Total cost of structures (Add Lines D1 - D4). Enter this figure on Form LGT-178, Line H2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D5. _________________________ E. INSTALLMENT SALES E1. Amount of this principal payment. . . . . . . . . . . . . . E1. _________________________ E2. Amount reported on Form LGT-178, Line G1. . . . E2. _________________________ E3. Divide Line E1 by Line E2. . . . . . . . . . . . . . . . . . . E3. _________________________ E4. Amount reported on Form LGT-178, Line I5. . . . . E4. _________________________ E5. Multiply Line E3 by Line E4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E5. _________________________ (continued on next page) Schedule LGT-179 5454 Page 2 of 3 Rev. 11/19 Transferee’s Name______________________________________________________ Property Location______________________________________________________ Date of this Closing_____________________________________________________ *191791300* * 1 9 1 7 9 1 3 0 0 * F. ACRES BEYOND THOSE ALLOWED BY EXEMPTION F1. Total number of acres transferred. . . . . . . . . . . . . . F1. _________________________ F2. Total number of exempt acres transferred (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . F2. _________________________ F3. Percentage of area used for exempt purposes. . . . . F3. _________________________ F4. Exempt area (Multiply Line F2 by Line F3). . . . . . F4. _________________________ F5. Nonexempt area (Subtract Line F4 from Line F1). F5. _________________________ F6. Percentage of gain from nonexempt acres (Divide Line F5 by Line F1). . . . . . . . . . . . . . . . . . F6. _________________________ F7. Taxable land gain (Multiply Line F6 by Line A5. If transfer did not include buildings, multiply Line F6 by Form LGT-178, Line I1.) Enter this amount on Form LGT-178, Line I3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7. _________________________ Schedule LGT-179 Page 3 of 3 Rev. 11/19 5454 Clear ALL fields Save and go to Important Printing Instructions Save and Print
Form LGT-179
More about the Vermont Form LGT-179 Other TY 2023
To be completed by Transferor (Seller)
We last updated the Vermont Land Gains Schedules in February 2024, so this is the latest version of Form LGT-179, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form LGT-179 directly from TaxFormFinder. You can print other Vermont tax forms here.
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TaxFormFinder has an additional 51 Vermont income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form HS-122, HI-144 | Homestead Declaration AND Property Tax Adjustment Claim |
| Form RCC-146 | Vermont Renter Credit Claim |
| Form LRC-140 | Landlord Certificate (Form LRC-140) |
| Form 8821-VT | Authorization To Release Tax Information |
| Domicile Statement | Domicile Statement (Property Tax Homestead Declaration) |
View all 52 Vermont Income Tax Forms
Form Sources:
Vermont usually releases forms for the current tax year between January and April. We last updated Vermont Form LGT-179 from the Department of Taxes in February 2024.
Historical Past-Year Versions of Vermont Form LGT-179
We have a total of three past-year versions of Form LGT-179 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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