State of New Hampshire Real Estate Transfer Tax Declaration of Consideration

Changes were recently adopted by the State of New Hampshire relating New Hampshire RSA 78-B:10. The changes relate to the filing of a Declaration of Consideration form with the New Hampshire Department of Revenue and the actual declaration of buyer and seller. A copy of the enacted legislation can be found at http://www.gencourt.state.nh.us/legislation/2011/SB0042.html.

Beginning August 13, 2011 buyers and sellers will need to sign separate Declaration of Consideration forms.

The real estate transfer tax paid by the buyer and seller has not changed. The changes require separate forms be filed by each of the buyer and the seller. Please be advised that the new forms are now available on the New Hampshire Department of Revenue Administration’s website.

http://www.nh.gov/revenue/forms/By_Number/by_number.htm

The forms are now identified as “CD-57-P” and CD-57-S”. We have notified the closing software companies of these changes and that the forms are now available.

Beliveau Law Group: Massachusetts | Florida | New Hampshire

The attorneys at the Beliveau Law Group provides legal services for estate planning (wills and trusts), Medicaid (planning and applications), probate (estate and trust administration), business law (formation and operation), real estate (residential and commercial), taxation (federal and state), and civil litigation (in connection with these practice areas). The law firm has offices and attorneys in Naples, Florida; Boca Raton, Florida; Danvers, Massachusetts; Waltham, Massachusetts; Quincy, Massachusetts; Manchester, New Hampshire and Salem, New Hampshire.

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