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STATE OF DELAWARE Division of Revenue 820 N. French Street P. O. Box 8750 Wilmington Delaware 19899-8750 REALTY TRANSFER TAX RETURN AND AFFIDAVIT OF GAIN AND VALUE DO NOT WRITE OR STAPLE IN THIS AREA Rev. Code 050 FORM 5402 Form 5402 must be completed for all conveyances and must be presented at the time of recording. Enter the highest assessed value for local tax purposes of the real estate being conveyed. Enter the greater of Line 2 or Line 3 P.

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If you run your business as a sole proprietorship, or as an LLC and you are the sole owner, you can report your business income and expenses on Schedule C along with your personal income tax return.

The Division of Revenue links for online filing options are available at https://revenue.delaware.gov/file/. Electronic filing is fast, convenient, accurate and easy. When completing a form electronically, please download the form prior to completing it to obtain the best results.

Personal Income Tax forms are available for photocopying at many Delaware public libraries. Please contact your local library branch for availability. You may download and print Personal Income Tax Forms and Business Tax Forms directly from our website, or call (302) 577-8209 to have forms mailed to you.

For all businesses: Delaware does not have a state or local sales tax. Delaware does, however, have an annual business license requirement, as well as a gross receipts tax that is imposed on the seller of goods or provider of services.

As the sole member of your LLC, you must report all profits (or losses) of the LLC on Schedule C and submit it with your Delaware personal income tax return (Form 200).

First-time buyers in Delaware typically qualify for state-level exemptions. For example, Delaware first-time buyers automatically qualify for a state transfer tax exemption on a purchase price up to $400,000. First-time buyers purchasing property worth more than $400,000 will pay 1.25% of the amount above $400,000.

The Division of Revenue links for online filing options are available at https://revenue.delaware.gov/file/. Electronic filing is fast, convenient, accurate and easy. When completing a form electronically, please download the form prior to completing it to obtain the best results.

If the property is located in an area that does not impose a local transfer tax, the state realty transfer tax rate is now 3%. Realty transfer taxes are typically shared equally by the buyer and the seller.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232