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Withholding Tax Reconciliation the City of Brunswick Form

Withholding Tax Reconciliation the City of Brunswick Form

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selling a Delaware piece of real estate and not a resident of Delaware did you know you're going to have to pay 6.6 percent in state capital gains to the state a lot of people aren't aware of this but when you sell a piece of real estate in Delaware and you are not a resident of the state the title attorney is going to provide you with a form that needs to be filled out and on that form it's a calculation basis where you're going to be putting in what you are selling the property for minus self-proclaimed basis in the property and the Delta is going to be multiplied times six and a half percent that the title attorney will then collect and send to the state as your state capital gains tax so I would recommend you speak to your agent as well as your accountant as to what you need to do to prepare for the sale when you are a non-resident of the state of Delaware

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