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Transferee’s Name _____________________________________________________
Property Location _____________________________________________________
Date of this Closing ____________________________________________________
*191771200*
*191771200*
Page 6
E. EXEMPTIONS
E1. If transfer is exempt from Land Gains Tax, enter exemption number . . . . . . . . . . E1. ___________________________
E1a. If Line E1 is “08,” enter description . . . . . . . . . . . . . . . . E1a. _________________________________________
E2. If a Vermont Commissioner’s Certificate issued, enter Certificate number . . . . . . E2. ___________________________
E3. Is the transferor simultaneously filing a Form LGT-178 and paying the
full amount of tax due? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E3. Yes No
F. TAX CALCULATIONS
If Lines E1, E2, or E3 do not apply, then:
F1. Sales price attributable to land .
(see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1. ___________________________
FORM (Place at LAST page)
OR Form pages
F2. Amount of Installment Sale payment subject to withholding . . . . . . . . . . . . . . . . . F2. ___________________________
F3. Withholding tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3. ________________________10.00 %
F4. TAX DUE (Multiply Line F1 or Line F2 by Line F3) . . . . . . . . . . . . . . . . . . . . . . F4. ___________________________ 5 - 6
• If a Commissioner’s Certificate was issued, enter the withholding amount required.
• If simultaneously filing a Transferor (Seller) Form LGT-178, enter the amount shown due .
• If an exemption is claimed on Line E1, enter -0- (or, if over allowable acreage, enter the amount shown due from
Form LGT-178).
G. SIGNATURES
We hereby certify this return is true, correct, and complete to the best of our knowledge.
Signature of Primary Transferee Printed name Date
May the Department of Taxes discuss this return with the preparer shown? c Yes c No
Preparer’s Date
signature
Preparer’s Preparer’s Telephone Number
printed name
Preparer’s ( )
Firm’s name (or if self-employed, your name) and address
Use Only
Preparer’s email address
Send completed return to:
Vermont Department of Taxes
133 State Street
Montpelier, VT 05633-1401
Form LGT-177
Page 2 of 2
5454 Rev. 12/19
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