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al dad & Associates PC presents this week's real estate legal advice what is the new 2012 IT 2663 non-resident real property estimated income tax rate recently the New York State Department of Taxation and Finance has issued a tax rate change for the IT 2663 non-resident real property estimated income tax payment form the instructions for the new form have been officially revised legislation reported an effective lower income tax rate of 8.82 percent as compared to the 2011 tax rate of eight point nine seven percent any sale or transfer after December 31st 2011 but before January first of 2013 must use the revised 2012 version of the IT 2663 form in order to pay the capital gain taxes if any a copy of the updated IT 2663 and IT 2663 I forms are available on the new york city tax departments website at wwt NY govt for further information please call us at 21 22 68 69 99 or visit us at www.appraisercitywide.com you

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