Vermont Department of Taxes 133 State Street Montpelier, VT 05633-1401 Phone: (802) 828-6851 VT Schedule *191791100* VERMONT LAND GAINS SCHEDULES LGT-179 To be completed by Transferor (Seller) Page 4 *191791100* Please PRINT in BLUE or BLACK INK ATTACH TO FORM LGT-178 Entity TRANSFEROR Name Federal ID Number OR Individual TRANSFEROR Last Name First Name Initial OR Social Security Number Property Location Date of Closing A. BUILDINGS Complete this section if the transfer includes buildings. A1. Value of land, excluding buildings (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . A1. ________________________ A2. Value paid or transferred (from Form LGT-178, Line G1) . . . . . . . . . . . . . . A2. ________________________ FORM (Place at FIRST page) A3. Percentage of gain on land Form pages (Divide Line A1 by Line A2) . . . . . . . . . . . . . . . .A3. _____________ ._______ % A4. Total realized gain . (from Form LGT-178, Line I1) . . . . . . . . . . . . . . . A4. ________________________ 4 - 6 A5. Taxable land gain (Multiply Line A3 by Line A4) . If an exemption was not claimed on Form LGT-178, Line E1, enter the amount from Line A5 onto Form LGT-178, Line I3 . If an exemption was claimed on Form LGT-178, Line E1, complete Schedule LGT-179, Part F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A5. ________________________ B. SELLING EXPENSES B1. Legal fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B1. ________________________ B2. Sales commissions . . . . . . . . . . . . . . . . . . . . . . . . . B2. ________________________ B3. Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B3. ________________________ B4. Other (describe) ________________________ . . B4. ________________________ B5. Total selling expenses (Add Lines B1 - B4) . Enter this figure on Form LGT-178, Line G4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B5. ________________________ (continued on next page) Schedule LGT-179 Page 1 of 3 5454 Rev. 11/19 |
Transferee’s Name _____________________________________________________ Property Location _____________________________________________________ Date of this Closing ____________________________________________________ *191791200* *191791200* Page 5 C. COST OF LAND C1. Cost of land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C1. ________________________ C2. Cost of land improvements (attach list) . . . . . . . . C2. ________________________ C3. Transfer tax at purchase . . . . . . . . . . . . . . . . . . . . . C3. ________________________ C4. Legal fees at purchase . . . . . . . . . . . . . . . . . . . . . . C4. ________________________ C5. Other (describe) _______________________ . . . C5. ________________________ C6. Total cost of land (Add Lines C1 - C5) . Enter this figure on Form LGT-178, Line H1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C6. ________________________ D. COST OF STRUCTURES D1. Cost of structures . . . . . . . . . . . . . . . . . . . . . . . . . . D1. ________________________ D2. Other (describe) ________________________ . . D2. ________________________ D3. Other (describe) ________________________ . . D3. ________________________ D4. Other (describe) ________________________ . . D4. ________________________ D5. Total cost of structures (Add Lines D1 - D4) . Enter this figure on Form LGT-178, Line H2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D5. ________________________ E. INSTALLMENT SALES E1. Amount of this principal payment . . . . . . . . . . . . . E1. ________________________ E2. Amount reported on Form LGT-178, Line G1 . . . E2. ________________________ E3. Divide Line E1 by Line E2 . . . . . . . . . . . . . . . . . . E3. ________________________ E4. Amount reported on Form LGT-178, Line I5 . . . . E4. ________________________ E5. Multiply Line E3 by Line E4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E5. ________________________ (continued on next page) Schedule LGT-179 Page 2 of 3 5454 Rev. 11/19 |
Transferee’s Name _____________________________________________________ Property Location _____________________________________________________ Date of this Closing ____________________________________________________ *191791300* *191791300* Page 6 F. ACRES BEYOND THOSE ALLOWED BY EXEMPTION F1. Total number of acres transferred . . . . . . . . . . . . . F1. ________________________ F2. Total number of exempt acres transferred (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . F2. ________________________ F3. Percentage of area used for exempt purposes . . . . F3. ________________________ F4. Exempt area (Multiply Line F2 by Line F3) . . . . . F4. ________________________ F5. Nonexempt area (Subtract Line F4 from Line F1) F5. ________________________ F6. Percentage of gain from nonexempt acres (Divide Line F5 by Line F1) . . . . . . . . . . . . . . . . . F6. ________________________ FORM (Place at LAST page) F7. Taxable land gain (Multiply Line F6 by Line A5 . If transfer did not Form pages include buildings, multiply Line F6 by Form LGT-178, Line I1 .) Enter this amount on Form LGT-178, Line I3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7. ________________________ 4 - 6 Schedule LGT-179 Page 3 of 3 5454 Rev. 11/19 Clear ALL fields Save and go to Important Printing Instructions Save and Print |