Bulletin: PA2010006

Date:
June 08, 2010
To:
All Pennsylvania Issuing Offices
RE:
New Realty Transfer Tax Statement of Value Rev-183

Dear Associates:

The Department of Revenue recently revised the form REV-183, Realty Transfer Tax Statement of Value, used to claim exemption from realty transfer tax and/or report full consideration for tax payment when nominal consideration is shown on a deed.

The revised REV-183 is attached and is now available in PDF and fill-in format at www.revenue.state.pa.us. It can be distinguished from prior versions of the form by the following changes:

  1. The revised form draws greater attention to Section C, Date of Acceptance of Document, where the taxpayer is to enter the delivery date immediately to the right of the emboldened section header.

  2. The revised form features an aditional YES/NO question in Section E clarifying whether the transfer was part of an assignment or relocation.

  3. The revised form includes a new exemption category in Section F 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.

Realty Transfer Tax Statement of Value (CLICK TO VIEW)


If you have questions related to this bulletin, please contact your local underwriting personnel or Stewart Legal Services.

For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.

THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER  AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.

References

Bulletins Replaced:
None
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None