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Real Estate Withholding - Vermont Department of Taxes

Real Estate Withholding - Vermont Department of Taxes 2026

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The document is a Maine Real Estate Withholding Payment Voucher (Form REW-1-1040) for sellers who are individuals or sole proprietors. It outlines the requirements for buyers to withhold 2.5% of the sales price when purchasing real property from nonresidents, detailing the information needed from both sellers and buyers, instructions for filing, exceptions to withholding, and the process for obtaining a withholding certificate. The form must be completed for each seller involved in the transaction.

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Click ‘Get Form’ to open the Real Estate Withholding Payment Voucher in the editor.
Begin by entering the seller's name and Social Security Number in Section 1. If married and filing jointly, include the spouse's details as well.
In Section 2, provide the current mailing address of the seller. Ensure accuracy for correspondence.
For Section 3, specify the physical location and use of the property being transferred. Include details like street address or map/block/lot numbers if applicable.
Complete Sections 4 through 9 by entering dates of acquisition and transfer, total sales price, ownership percentage, and withholding amounts based on provided guidelines.
Finally, fill in buyer information in Sections 10 to 12, including their name, address, and identification number before signing at the bottom.

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What is the real estate withholding in Vermont?

In Vermont, a real estate withholding tax is imposed on non-resident property sellers to ensure that the state collects any income tax owed on the gain from the sale of the property. This withholding tax is typically calculated at 2.5% of the sale price and is due at the time of the sale.

Does VT have withholding tax?

Vermont Income Tax Withholding Other payments are generally subject to Vermont withholding if the payments are subject to federal withholding and the payments are made to: a Vermont resident or. a nonresident of Vermont for services performed in Vermont.

Does Vermont have state tax withholding?

For non-periodic payments, the Vermont withholding can be estimated at 30% of the Federal withholding. In all cases, the taxpayer is responsible for ensuring that the correct amount is withheld to avoid underpayment of the Vermont tax liability.

How do I contact the Vermont Dept of taxes?

Taxpayer Services Division: 802-828-2865 or (toll free in Vermont) 866-828-2865 on Monday, Tuesday, Thursday, and Friday at 7:45 a.m. to 4:30 p.m. Tax examiners in this division can answer questions about Vermont personal income tax, Homestead Declaration, Property Tax Adjustment Claim, and Renter Rebate Claim.

What is the real estate withholding tax in Vermont?

As of August 1, 2024, Vermonts withholding tax on real estate sales by non-residents is 2.5% of the total purchase price OR 6.5% of the capital gain, whichever is higher. Key Points: The tax applies only to non-resident sellers (residents of Vermont are not subject to this withholding).

Is Vermont a mandatory withholding state?

If the work is performed in Vermont, Vermont Income Tax must be withheld regardless of whether the employer is located inside or outside of Vermont.

What is the real estate tax in Vermont?

Vermont Tax Rates, Collections, and Burdens Vermont has a 1.56 percent effective property tax rate on owner-occupied housing value. Vermont has an estate tax.

Real Estate Withholding - Vermont Department of Taxes 2026

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What is the real estate withholding in Vermont?

Does VT have withholding tax?

Does Vermont have state tax withholding?

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What is the real estate withholding tax in Vermont?

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Is Vermont a mandatory withholding state?

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Real Estate Withholding - Vermont Department of Taxes 2026

Here's how it works

How to use or fill out Real Estate Withholding - Vermont Department of Taxes with our platform

Complete this form in 5 minutes or less

Got questions?

What is the real estate withholding in Vermont?

Does VT have withholding tax?

Does Vermont have state tax withholding?

How do I contact the Vermont Dept of taxes?

What is the real estate withholding tax in Vermont?

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People also ask

Is Vermont a mandatory withholding state?

What is the real estate tax in Vermont?

Related links

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