This is a legal form that was released by the Rhode Island Department of Revenue - Division of Taxation - a government authority operating within Rhode Island. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form CVYT-2?
A: Form CVYT-2 is the Acquired Real Estate Company Conveyance Tax Return in Rhode Island.
Q: What is the purpose of Form CVYT-2?
A: Form CVYT-2 is used to report and pay the conveyance tax when a real estate company is acquired in Rhode Island.
Q: Who needs to file Form CVYT-2?
A: Any person or entity acquiring a controlling interest in a real estate company in Rhode Island needs to file Form CVYT-2.
Q: What is considered a controlling interest in a real estate company?
A: A controlling interest is generally defined as acquiring 50% or more of the total combined voting power.
Q: When should Form CVYT-2 be filed?
A: Form CVYT-2 must be filed within 30 days from the date the controlling interest was acquired.
Q: Is there a fee for filing Form CVYT-2?
A: Yes, there is a fee associated with filing Form CVYT-2. The fee is based on the consideration paid for the acquisition.
Q: Are there any penalties for late filing of Form CVYT-2?
A: Yes, late filing of Form CVYT-2 may result in penalties and interest charges.
Form Details:
Download a fillable version of Form CVYT-2 by clicking the link below or browse more documents and templates provided by the Rhode Island Department of Revenue - Division of Taxation.