Delaware Real Estate Tax Return - Declaration of Estimated Income Tax

Real Estate Tax Return - Declaration of Estimated Income Tax
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REAL ESTATE TAX RETURN
DECLARATION OF ESTIMATED
INCOME TAX

1.

Delaware Division of Revenue
DO NOT WRITE OR STAPLE IN THIS AREA
FORM 5403
820 N. French Street, P.O. Box 8763
Wilmington, DE 19899-8763
Form 5403 must be completed for all conveyances, and must be presented at the time of recording.
Description and address of property transferred (include property tax parcel number):

Tax Parcel Number:

2.

County:

New Castle

Transferor/Seller is:

3.

Kent

Sussex

Date of Transfer:

Transferor or Seller acquired property by:
Purchase

Individual or Revocable Living Trust
Corporation
Trust or Estate
Business Trust
Partnership
S Corporation
Limited Liability Company
Other:
4.

Print Form

Gift
Inheritance
1031 Exchange
Foreclosure/Repossession
Other:

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 spouses, enter only the primary taxpayer
an ownership interest in any such non-individual transferor/seller.)
Enter Social Security Number

Name of Transferor/Seller
Address
City

5.

State

ZIP Code

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;

*df24018019999*

Sale or exchange exempt from capital gain recognition;

Gain realized excluded from income for tax year of sale or exchange.
DF24018019999
Sale exempt due to foreclosure. (See Instructions)
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.)
6.a Total sales price
6.b Less selling expenses /reductions to sale price
6.c Net sales price (Subtract line 6.b from line 6.a)

6.a $
6.b $
6.c $

6.d Adjusted basis of property or liens paid at settlement
6.e Total gain (Subtract line 6.d from line 6.c)

6.d $
6.e $

6.f Delaware estimated income tax due - multiply line 6.e by 8.7% for C corp., and by 6.6% for all others
NOTE:
7.

8.

6.f $

.

Check this box if the transferor/seller is reporting gain under the installment method. No tax is payable at this time.
Note: If completing this section, when you recognize any capital gain arising from the sale of property in the State of Delaware, you must report
and remit the tax due to the State of Delaware on that transaction.
Delaware estimated income t ax 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 of which the preparer has any knowledge.
Transferor/Seller, Please sign and print full name and title (if any):

Signature
(Revised 11/2018)

Name

Title