Pennsylvania Realty Transfer Tax Statement of Value Revised

July 2010Newsletters In the Zone

The Pennsylvania Department of Revenue recently revised the Realty Transfer Tax Statement of Value (Form REV-183), which is the form used to either claim an exemption from the realty transfer tax or report full consideration for the realty transfer tax payment when the full sale price is not set forth in the deed.

The revised form features an additional yes/no question clarifying whether the transfer was part of an assignment or relocation. In addition, the revised form includes a new exemption category for transfer from a trust, and it requires the taxpayer to provide the date of transfer into trust and attach a copy of the trust document and amendment if the trust was amended since the date of transfer.

The revised form is available at www.revenue.state.pa.us.

For more information, please contact Lauren W. Taylor at 215.918.3625 or lwtaylor@foxrothschild.com.