Common use of Vermont Property Transfer Tax and Land Gains Tax Clause in Contracts

Vermont Property Transfer Tax and Land Gains Tax. Seller and Buyer shall execute and deliver such Vermont Property Transfer Tax and Vermont Land Gains Tax forms as may be required by the State of Vermont. Buyer shall pay the Vermont Property Transfer Tax. Seller shall pay the Vermont Land Gains Tax, if any. Unless Seller provides a certificate complying with the provisions of 32 V.S.A. § 10007 or proof that the proposed transaction is exempt from Vermont Land Gains Tax, Buyer may withhold from the Payment of the Purchase Price and shall pay the Vermont Department of Taxes an amount equal to ten percent (10%) of the Purchase Price.

Vermont Property Transfer Tax and Land Gains Tax. Seller Robear and Buyer Town shall execute and deliver such Vermont Property Transfer Tax and Vermont Land Gains Tax forms as may be required by the State of Vermont. Buyer Town shall pay the Vermont Property Transfer Tax, if any. Seller Robear shall pay the Vermont Land Gains Tax, if any. Unless Seller Robear provides a certificate complying with the provisions of 32 V.S.A. § 10007 or proof that the proposed transaction is exempt from Vermont Land Gains Tax, Buyer Town may withhold from the Payment of the Purchase Price and shall pay the Vermont Department of Taxes an amount equal to ten percent (10%) of the Purchase Price.

Vermont Property Transfer Tax and Land Gains Tax. Seller and Buyer shall execute and deliver such Vermont Property Transfer Tax and Vermont Land Gains Tax forms as may be required by the State of Vermont. As additional consideration for this transaction, Seller shall pay one-half of the Vermont Property Transfer Tax and Buyer shall pay the Vermont Property Transfer Taxother one-half. Seller shall pay the Vermont Land Gains Tax, if any. Unless Seller provides a certificate complying with the provisions of 32 V.S.A. § 10007 or proof that the proposed transaction is exempt from Vermont Land Gains Tax, Buyer may withhold from the Payment of the Purchase Price and shall pay the Vermont Department of Taxes an amount equal to ten percent (10%) of the Purchase Price.