When property is transferred in Vermont, real estate transaction taxes may be due. These taxes include Property Transfer Tax, Real Estate Withholding, and Land Gains Tax.
Qualified property owners may request a Commissioner’s Certificate to exempt them from the Real Estate Withholding and Land Gains taxes.
New e-File Services for Property Transfer Tax, Land Gains Tax, and Land Gains Withholding Tax
On Dec. 7, 2016, the Vermont Department of Taxes is adding convenient new services and features to myVTax, your online portal to file and pay Vermont taxes.
We are moving the Property Transfer Tax Return, Land Gains Return for both buyers and sellers, and requests for Commissioner’s Certificates into myVTax. This new system replaces ePTTR which was used for filing property transfer taxes, and ePTTR will be retired.
With myVTax, filing will become easier and more convenient. Here are some of the features you’ll appreciate:
- File and pay your taxes online
- Share returns between representatives of the buyer and seller to help prepare accurate and complete returns for closing on the property sale
- Check the status of your return or certificate request
- View your return history and any requests filed through myVTax
- Contact the Department through secure online messaging
- Prepopulate data from Property Transfer Tax Return to the Land Gains Return
- Protect your privacy by masking Social Security Numbers and Federal Employer Identification Numbers
Requirement for E-filing
Tax preparers who file more than five returns or certificate requests per calendar year are required to use myVtax for filing. The $5 online filing fee has been eliminated for Property Transfer Tax Returns.
myVTax Videos and Guides
We have created helpful guides and short videos to help you with the transition from ePTTR to myVTax.
|Form LGT-177||Instructions||Vermont Land Gains Withholding Tax Return To Be Completed By Buyer (Transferee) myVTax|
|Form LGT-178||Instructions||Vermont Land Gains Tax Return To Be Completed By Seller (Transferor) myVTax|
|Form LGT-179||Instructions||Vermont Land Gains Schedules|
|Form LGT-174||Land Gains Installment Payment Voucher|
|Form LGT-181||Instructions||Land Gains Basis Calculation Foreclosure Property myVTax|
|Form PTT-172||Instructions||Vermont Property Transfer Tax Return (Overview) myVTax|
|Schedule PTT-175||myVTax||Additional Transferors And Transferees|
|Form PTT-173||Instructions||Property Transfer Payment Voucher|
|Quick Reference Guide for Vermont Land Gains Withholding Tax Return - Form LGT-177, AND Vermont Land Gains Tax Return - Form LGT-178|
|Quick Reference Guide for Vermont Property Transfer Tax Return - Form PTT-172|
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