NYC Real Property Transfer Tax Return

NYC-RPT Forms and Instructions

New York City Department of Finance
Real Property Transfer Tax Unit
345 Adams Street, 5th Floor, Brooklyn, NY 11201
http://www.ci.nyc.ny.us/finance

What's inside?

Smoke Detector Affidavit for one- and two-family dwellings. Page 1

Form NYC-RPT (Real Property Transfer Tax Return). Page 2

Instructions. Page 13

Real Estate Tax Owner's Registration Card. Page 18

Water and Sewer Customer Registration Form and Instructions. Page 20

Affidavit of Compliance with Smoke Detector Requirement

For one- and two-family dwellings

State of New York )
) SS.:
County of )

The undersigned, being duly sworn, depose and say under penalty of perjury that they are the grantor and grantee of the real property or of the cooperative shares in a cooperative corporation owning real property located at

Street Address: Unit/Apt:

Borough: Block: Lot:

New York, (the "Premises");

That the Premises is a one or two family dwelling, or a cooperative apartment or condominium unit in a one- or two-family dwelling, and that installed in the Premises is an approved and operational smoke detecting device in compliance with the provisions of Article 6 of Subchapter 17 of Chapter 1 of Title 27 of the Administrative Code of the City of New York concerning smoke detecting devices;

That they make affidavit in compliance with New York City Administrative Code Section 11-2105 (g). The signatures of at least one grantor and one grantee are required, and must be notarized.

Real Property Transfer Tax Return

Grantor

Name:

Grantor is a(n): individual partnership corporation other

Telephone Number:

Permanent mailing address after transfer:

City and State: Zip Code:

EIN: OR SSN:

Grantee

Name:

Grantee is a(n): individual partnership corporation other

Telephone Number:

Permanent mailing address after transfer:

City and State: Zip Code:

EIN: OR SSN:

Property Location

Address: Apt. No.: Borough:

Block: Lot: # of Floors: Square Feet: Assessed Value:

Date of Transfer to Grantee: Percentage of Interest Transferred: %

Condition of Transfer

Arms length transfer

Transfer in exercise of option to purchase

Transfer from cooperative sponsor to cooperative corporation

Transfer by referee or receiver

Transfer pursuant to marital settlement agreement or divorce decree

Deed in lieu of foreclosure

Transfer pursuant to liquidation of an entity

Transfer from principal to agent, dummy, strawman or conduit or vice-versa

Transfer pursuant to trust agreement or will

Gift transfer not subject to indebtedness

Gift transfer subject to indebtedness

Transfer to a business entity in exchange for an interest in the business entity

Transfer to a governmental body

Correction deed

Transfer by or to a tax exempt organization

Transfer of property partly within and partly without NYC

Transfer of successful bid pursuant to foreclosure

Transfer by borrower solely as security for a debt or by lender solely to return such security

Transfer wholly or partly exempt as a mere change of identity or form of ownership

Transfer to a REIT or controlled entity

Other transfer in connection with financing:

Other:

Schedule 1 - Details of Consideration

Cash:

Purchase money mortgage:

Unpaid principal of pre-existing mortgage(s):

Accrued interest on pre-existing mortgage(s):

Accrued real estate taxes:

Amounts of other liens on property:

Value of shares of stock or of partnership interest received:

Value of real or personal property received in exchange:

Amount of Real Property Transfer Tax and/or other taxes or expenses paid by grantee:

Other:

Total Consideration:

Schedule 2 - Computation of Tax

Total Consideration:

Excludable liens:

Consideration:

Tax Rate: %

Percentage change in beneficial ownership: %

Taxable consideration:

Tax:

Credit:

Tax due:

Interest:

Penalty:

Total tax due:

Filing Fee:

Total Remittance Due:

Schedule 3 - Transfers Involving Multiple Grantors and/or Grantees or a Partnership

If additional space is needed, attach copies of this schedule or an addendum listing all required information.

Grantor(s)/Partner(s) and Grantee(s)/Partner(s) names, addresses, and EIN/SSN should be entered on attached rider.

Schedule A - Transfer by Referee or Receiver

Was this transfer the result of a court ordered sale pursuant to foreclosure or execution? Yes No

Status of grantee: Nominee of plaintiff Plaintiff in foreclosure action Assignee of plaintiff Transferee of successful bidder Other

Priority of mortgage foreclosed upon: first second third or other

Amount of foreclosure judgment:

Price bid by grantee:

Costs paid by grantee:

Remaining mortgages/liens/encumbrances:

If no, state reason for transfer:

Schedule B - Transfer of Shares of Stock in a Cooperative Housing Corporation

Name and address of cooperative housing corporation:

Is this an initial transfer of shares from either a cooperative housing corporation or a sponsor? Yes No

Date NYC Real Property Transfer Tax was paid on transfer of land/building:

Date first of these initial transfers was made:

Is this a transfer of an individual unit in a housing company organized under Private Housing Finance Law? Yes No

Credit calculation - amount of NYC Real Property Transfer Tax paid:

Number of shares transferred:

Total number of outstanding shares:

Amount of credit:

Schedule C - Transfer in Lieu of Foreclosure

Status of grantee: Mortgagee Nominee of mortgagee Assignee of mortgagee Other

Priority of mortgage in default: first second third or other

Outstanding principal:

Accrued interest:

Remaining mortgages/liens/encumbrances:

Schedule D - Transfer Pursuant to Partial or Complete Liquidation

Fair market value at time of liquidation:

Mortgages or other liens/encumbrances:

Tax base:

Schedule E - Transfer by or to an Agent, Dummy, Strawman or Conduit

Name and address of party from whom property was acquired:

Date of acquisition:

Is this conveyance either a transfer from an agent to a principal or from a principal to an agent? Yes No

Amount of Real Property Transfer Tax paid upon acquisition by grantor:

Transfer part of a transfer to and from a corporation for the sole purpose of acquiring mortgage financing? Yes No

Transfer to a dummy, strawman, or conduit from a principal or vice versa? Yes No

Is the grantee actively engaged in a business? Yes No

Describe relationship and purpose of transfer:

Schedule F - Transfer to Business Entity in Return for an Interest in the Business Entity

Relationship of grantee to grantor(s) immediately after transfer: Corporation wholly owned by grantor(s) Corporation owned by grantor(s) and other(s) Partnership consisting wholly of grantor(s) Partnership consisting of grantor(s) and other(s) Other

Date of formation of grantee business:

Fair market value at time of transfer:

Basis used for depreciation before transfer:

Basis to be used for depreciation after transfer:

Amount of mortgages/liens/encumbrances:

Other consideration received from business entity:

Value of shares/partnership interest received:

Schedule G - Transfer by or to a Tax Exempt Organization

Is the grantor or grantee an organization exempt from taxation pursuant to IRS Code Section 501(c)(3)? Yes No

Has the grantor or grantee received an exemption from sales tax from the NYS Department of Taxation and Finance? Yes No

Schedule H - Transfer of Controlling Economic Interest

Name of entity:

Address: Zip Code:

EIN:

Total percentage of economic interest transferred: %

Total percentage transferred by grantor(s) or others in related transfers: %

Total percentage transferred within preceding three years: %

Total percentage acquired by grantee(s) or others in related transfers: %

Total percentage acquired within preceding three years: %

Total consideration for this transfer:

Amount apportioned to item of NYC real property or interest therein:

Schedule M - Mere Change of Form Transfers

For each beneficial owner, enter name, relationship to grantor, relationship to grantee, percentage interest before and after change.

Beneficial owner name:

Relationship to grantor: Relationship to grantee:

Percentage interest before: % After: % Change: %

Schedule R - Real Estate Investment Trust Transfers

This transfer may qualify as a REIT transfer. Attach prospectus and write "REIT Transfer" on the top of the first page of Form NYC-RPT.

Condition 1(a) or 1(b) worksheet values should be entered on the worksheet page.

REIT shares received:

Maximum number of REIT shares convertible:

Offering price per share:

Value of ownership interests not convertible into REIT shares:

Certification

I swear or affirm that this return, including any accompanying schedules, affidavits and attachments, has been examined by me and is, to the best of my knowledge, a true and complete return made in good faith.

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