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For instance, property, which you or your spouse inherits, is considered marital property, and property given to you or your spouse by a family member is also considered marital property. The court can also divide property which either spouse owned before the marriage.

Vermont Inheritance Law and Spouses If you die intestate in Vermont, which is not a community property state, your spouse will inherit everything if you have no children, or if your only descendants are with your spouse.

Most of the assets that are acquired by either party during a marriage are automatically considered marital property. Inheritances are separate property provided that the property is kept separate. However, state laws vary. Some states are reluctant to recognize separate property in the majority of situations.

In Vermont, common law marriage is known as “marriage by habit and repute.” What this means is that if a couple lives together in a marital-like relationship and holds themselves out to their community as being married for a certain period of time, then they are legally deemed to be married.

Vermont Inheritance Tax Vermont has no inheritance tax, but inheritance taxes from others states could in theory apply to you. Kentucky, for example, has an inheritance tax that applies to all property within the state, even if it is passed on to an inheritor who lives out of state.

Claiming a Vermont Refund If the information on your return does not match the information available to the Department, your refund may be delayed. The Department may be waiting for information from your employer or the IRS for data verification.

Use tax has the same rate of 6%, rules, and exemptions as sales tax. Vermont Sales and Use Tax is “destination-based.” One of the following must happen for the purchased item to be subject to sales and use tax: The buyer takes possession of the item in Vermont. The buyer has the item delivered or shipped to Vermont.

Owners who wish to withdraw all or a portion of land and/or buildings should file Form LV-314, Request For Withdrawal From The Use Value Appraisal Program by mail or online at myVTax. See the guide on how file Form LV-314 using myVTax.

What is Current Use? Current Use is a tax assessment law that taxes land at its “productive capacity.” This means the land is taxed at its income-producing capability as forest, farmland, or undeveloped land, rather than at its real estate value as a building site.