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2011
REAL ESTATE TAX RETURN
Print Form
DECLARATION OF ESTIMATED
INCOME TAX
Delaware Division of Revenue
DO NOT WRITE OR STAPLE IN THIS AREA
820 N. French Street, P.O. Box 8735
Wilmington, Delaware 19899-8735
FORM 5403
Form 5403 must be completed for all conveyances and must be presented at the time of recording.
1.
Description and address of property transferred (include property tax parcel number):
Tax Parcel Number:
Date of Transfer:
(Month/Date/Year)
2.
Transferor/Seller is:
Transferor or Seller Acquired Property By:
3.
Individual or Revocable Living Trust
Purchase
Corporation
Gift
Trust or Estate
Inheritance
Business Trust
1031 Exchage
Partnership
Foreclosure/Repossession
S Corporation
Other:
Limited Liability Company
Other
4.
Transferor/Seller’s name; SSN or EIN; and address to which correspondence is to be mailed after settlement. (Enter only one
name and SSN or EIN per return. If more than one transferor/ seller, use separate forms for each; however, if Transferors/
Sellers are husband and wife, enter only the primary taxpayer name and SSN, and only file one return. If transferor/seller is
not an individual, list only EIN of non-individual transferor/seller and file only one Form 5403 for such transferor/seller – no
Form 5403 should be filed for the members, partners, stockholders, trustees or other individuals or entities having an ownership
interest in any such non-individual transferor/seller.)
Enter Social Security Number
or
Employer Identification Number of the Transferor/Seller
Name of Transferor/Seller
Address
City
State
Zip Code
5.
If applicable, check appropriate box. (Check no more than one box.)
Transferor/seller is a resident (a) individual, (b) pass-through entity or (c) corporation, and not subject to withholding
under 30 Del. C. §§1126, 1606 or 1909;
Sale or exchange exempt from capital gain recognition;
Gain realized excluded from income for tax year of sale or exchange;
Sale or exchange occurred on or before December 31, 2010;
Transferor/seller has insufficient information to determine if sale or exchange is subject to withholding. By checking
this box, transferor/seller understands that once sufficient information is available, payment of tax may be
due and the appropriate return must be timely filed.
If any box in Section 5 is checked, DO NOT complete Sections 6, 7 and 8 below. No payment is due at this time.
6.
Computation of Payment and Tax to be Withheld. (See Instructions)
a. $
a. Total sales price
b. $
b. Less selling expenses
c. $
c. Net sales price (Subtract Line b from Line a)
d. $
d. Adjusted basis of property
e. Total gain (Subtract Line d from Line c)
e. $
f. Cash Payments (not including payments in Line b above)
f.
$
g. Net Cash Received (Subtract (Line f from Line c)
g. $
h. Delaware Tax Due (Multiply either Line “e” or “g” by 6.95%)
h. $
7.
Check box if the transferor/seller is reporting gain under the installment method. No Tax is payable at this time.
Note: If completing this section you must report and remit any capital gain tax to the State of Delaware when any capital gain
as a result of the sale of this property is recognized for Federal Tax Purposes.
8.
Delaware Income Tax Paid. (See Instructions.) $
Under penalty of perjury, I declare that I have examined this return and to the best of my knowledge and belief, it is true, correct
and complete. If prepared by a person other than the transferor/seller, the declaration is based on all information to which the
preparer has any knowledge. Transferor/Seller, Please sign and print full name and title (if any):
Name
Title
Signature