Instructions for Schedule PTT-182 Property Transfer Controlling Interest - Vermont

This document contains official instructions for Schedule PTT-182 , Property Transfer Controlling Interest - a form released and collected by the Vermont Department of Taxes.

FAQ

Q: What is Schedule PTT-182?A: Schedule PTT-182 is a form used in Vermont for reporting the transfer of property with a controlling interest.

Q: Who needs to use Schedule PTT-182?A: Anyone who is transferring property in Vermont with a controlling interest must use Schedule PTT-182.

Q: What is considered a controlling interest in property transfer?A: A controlling interest refers to a transfer that results in a change in ownership of 50% or more of the voting shares of a business entity that owns the property.

Q: What information do I need to complete Schedule PTT-182?A: You will need information about the transferee, transferor, property being transferred, and any prior transfers.

Q: Are there any fees associated with filing Schedule PTT-182?A: Yes, there may be fees associated with filing Schedule PTT-182. You should check with the Vermont Department of Taxes for the current fee schedule.

Q: When should I file Schedule PTT-182?A: Schedule PTT-182 should be filed within 30 days of the transfer of the controlling interest in the property.

Q: Do I need to submit any supporting documentation with Schedule PTT-182?A: Yes, you may need to submit supporting documentation such as deeds, contracts, or other legal documents related to the transfer.

Q: What happens after I file Schedule PTT-182?A: After you file Schedule PTT-182, the Vermont Department of Taxes will review the form and supporting documentation and process your request.