Form 5402 "Realty Transfer Tax Return and Affidavit of Gain and Value" - Delaware

What Is Form 5402?

This is a legal form that was released by the Delaware Department of Finance - Division of Revenue - a government authority operating within Delaware. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on August 1, 2018;
  • The latest edition provided by the Delaware Department of Finance - Division of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form 5402 by clicking the link below or browse more documents and templates provided by the Delaware Department of Finance - Division of Revenue.

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Download Form 5402 "Realty Transfer Tax Return and Affidavit of Gain and Value" - Delaware

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FOR OFFICE USE ONLY
REALTY TRANSFER TAX RETURN
AND
AFFIDAVIT OF GAIN AND VALUE
Reset
Print Form
FORM 5402
STATE OF DELAWARE
Division of Revenue
*DF42718019999*
820 N. French Street
Rev. Code 0050
P.O. Box 8763
Wilmington,Delaware
DF42718019999
19899-8763
Form 5402 must be completed for all conveyances and must be presented at the time of recording.
PART A - TO BE COMPLETED BY GRANTOR/SELLER
Enter Employer Identification Number or Social Security Number of the Grantee
The Grantor is a:
5.
Resident Individual
1.
Non-Resident Individual
Domestic Corporation (Delaware)
2.
Name of Grantor
3.
Address
Foreign Corporation (Non-Delaware)
S Corporation
Government Agency
Fiduciary (Estate or Trust)
City
State
Zip Code
Partnership
County
Non-Profit Corporation
Date of real estate conveyance
4.
PART B - TO BE COMPLETED BY GRANTEE/BUYER
Enter Employer Identification Number or Social Security Number of the Grantee
The Grantee is a:
4.
Resident Individual
1.
Non-Resident Individual
Domestic Corporation (Delaware)
2.
Name of Grantee
3.
Address
Foreign Corporation (Non-Delaware)
S Corporation
Government Agency
Fiduciary (Estate or Trust)
City
State
Zip Code
Partnership
County
Non-Profit Corporation
.
County
PART C - PROPERTY LOCATION AND COMPUTATION OF THE TAX
New Castle
Address
1.
Kent
City
State
Zip Code
Sussex
2. Enter the amount of consideration received including cash, checks, mortgages, liens, encumbrances,
$
and any other good and valuable consideration ..................................................................................................................
Was like kind property exchanged? Yes No (If yes, see instructions.)
$
3. Enter the highest assessed value (for local tax purposes) of the real estate being conveyed ...........................................
Was like kind property exchanged? Yes No (If yes, see instructions.)
$
4. Enter the greater of Line 2 or Line 3 ....................................................................................................................................
4.0%
5. Percentage rate of Realty Transfer Tax paid to the State of Delaware, county and/or municipality ....................................
6. Percentage rate of Realty Transfer Tax paid to the county or municipality ..........................................................................
7. Reduction for contracts executed prior to 8/1/2017 (see instructions) .................................................................................
8. Delaware Realty Transfer Tax percentage (subtract lines 6 and 7 from line 5) ....................................................................
$
9. Delaware Realty Transfer Tax Before Credits (multiply line 4 by line 8)................................................................................
$
10. Credit - First Time Homebuyer (See Instructions and must attach Form 5402 Schedule 1) ..............................................
$
11. Delaware Realty Transfer Tax Due (Subtract line 10 from line 9) .......................................................................................
(Rev 8/2018)
FOR OFFICE USE ONLY
REALTY TRANSFER TAX RETURN
AND
AFFIDAVIT OF GAIN AND VALUE
Reset
Print Form
FORM 5402
STATE OF DELAWARE
Division of Revenue
*DF42718019999*
820 N. French Street
Rev. Code 0050
P.O. Box 8763
Wilmington,Delaware
DF42718019999
19899-8763
Form 5402 must be completed for all conveyances and must be presented at the time of recording.
PART A - TO BE COMPLETED BY GRANTOR/SELLER
Enter Employer Identification Number or Social Security Number of the Grantee
The Grantor is a:
5.
Resident Individual
1.
Non-Resident Individual
Domestic Corporation (Delaware)
2.
Name of Grantor
3.
Address
Foreign Corporation (Non-Delaware)
S Corporation
Government Agency
Fiduciary (Estate or Trust)
City
State
Zip Code
Partnership
County
Non-Profit Corporation
Date of real estate conveyance
4.
PART B - TO BE COMPLETED BY GRANTEE/BUYER
Enter Employer Identification Number or Social Security Number of the Grantee
The Grantee is a:
4.
Resident Individual
1.
Non-Resident Individual
Domestic Corporation (Delaware)
2.
Name of Grantee
3.
Address
Foreign Corporation (Non-Delaware)
S Corporation
Government Agency
Fiduciary (Estate or Trust)
City
State
Zip Code
Partnership
County
Non-Profit Corporation
.
County
PART C - PROPERTY LOCATION AND COMPUTATION OF THE TAX
New Castle
Address
1.
Kent
City
State
Zip Code
Sussex
2. Enter the amount of consideration received including cash, checks, mortgages, liens, encumbrances,
$
and any other good and valuable consideration ..................................................................................................................
Was like kind property exchanged? Yes No (If yes, see instructions.)
$
3. Enter the highest assessed value (for local tax purposes) of the real estate being conveyed ...........................................
Was like kind property exchanged? Yes No (If yes, see instructions.)
$
4. Enter the greater of Line 2 or Line 3 ....................................................................................................................................
4.0%
5. Percentage rate of Realty Transfer Tax paid to the State of Delaware, county and/or municipality ....................................
6. Percentage rate of Realty Transfer Tax paid to the county or municipality ..........................................................................
7. Reduction for contracts executed prior to 8/1/2017 (see instructions) .................................................................................
8. Delaware Realty Transfer Tax percentage (subtract lines 6 and 7 from line 5) ....................................................................
$
9. Delaware Realty Transfer Tax Before Credits (multiply line 4 by line 8)................................................................................
$
10. Credit - First Time Homebuyer (See Instructions and must attach Form 5402 Schedule 1) ..............................................
$
11. Delaware Realty Transfer Tax Due (Subtract line 10 from line 9) .......................................................................................
(Rev 8/2018)
PART D - EXEMPT CONVEYANCES
If transaction is exempt from Realty Transfer Tax, be certain that all of the above information (including market value of the real
estate) is complete and accurate and explain the basis for the exemption:
The seller authorizes the Division of Revenue or such other appropriate state agency as may be designated to obtain any appropriate or
necessary federal income tax forms, including their attached schedules or other attachments, and any other related papers filed by such seller which
relate solely to the said real estate to which title is purported to be conveyed by the deed or instrument being recorded. Delaware law requires an
income tax return to be filed for the taxable year during which there was disposition of real property within this state.
Sworn and Subscribed before me
on this day of , 20
Seller’s Signature
Notary Signature
Title of Officer/Partner
(Rev 8/2018)
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