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XX¨ý°œX!Óà€@€%€%P€%àÓÔÓSec.Ð Þ!¨ Ð163.1à0 ° àà0°€%°€%àGeneral€and€definitionsж#€ €%€% Ð163.2à0 ° àà0°€%°€%àEstimation€of€tax€dueÐŽ%X"€%€% Ð163.3à0 ° àà0°€%°€%àFiling€and€paymentÐf'0!$€%€% Ð163.4à0 ° àà0°€%°€%àExemption€from€requirementsÐ>)#&€%€% Ð163.5à0 ° àà0°€%°€%àRequirements€for€recording€of€deedÐ+à$(€%€% Ð163.6à0 ° àà0°€%°€%àDesignation€of€and€duties€of€agentsÐ#î,¸&*€%€%‘ #Ð163.7à0 ° àà0°€%°€%àLiability€of€recording€officerÐ6€%€% Ð163.8€à0 ° àà0°€%°€%àValidity€of€record€of€deedÐØ€%€% ÐSection€163.1€€General€and€definitions.€€Ð æ ° Ðà ° à(a)€Section€663€of€the€Tax€Law€requires€that€a€nonresident€taxpayer€must€estimate€and€pay€the€personalÐ ¾ ˆ Ðincome€tax€liability€on€the€gain,€if€any,€upon€€the€sale€or€transfer€of€real€property€within€New€York€State.€ForÐ – ` Ðpurposes€of€section€663,€the€following€rules€and€definitions€apply:Ð n8  Ðà ° à€€€(1)€ð ðDate€of€sale€or€transferðð€is€the€date€the€deed€effecting€the€conveyance€is€delivered€by€the€seller€orÐ F  Ðtransferor€to€the€transferee.€Ð è  ÐÓ0XúX°‚,` ‹X¨ýXX¨ý0Óà ° à€€€(2)€ð ðNonresident€taxpayer.ðð€(Ô_ÔiÔ_Ô)€A€nonresident€taxpayer€€is€an€individual€who€qualifies€as€a€nonresidentÐ öÀ Ðindividual€under€section€605(b)(2)€of€the€Tax€Law,€or€an€estate€or€€trust€that€qualifies€as€a€nonresident€estate€or€trustРΘ Ðunder€section€605(b)(4)€of€the€Tax€Law,€on€the€date€of€sale€or€transfer€of€real€property.€€Ð ¦p Ðà ° àà Ü àà  à(ii)€An€individual€who€is€not€domiciled€in€New€York€State€but€who€may€be€considered€a€resident€ofÐ ~H ÐNew€York€State€for€tax€purposes€under€section€605(b)(1)(B)€of€the€Tax€Law€at€the€end€of€a€taxable€year,€by€virtueÐ V  Ðof€maintaining€a€permanent€place€of€abode€in€New€York€State€for€substantially€all€of€the€taxable€year€and€byÐ .ø Ðspending€in€aggregate€more€than€one€hundred€eighty„three€days€of€the€taxable€year€in€New€York€State,€is€aÐ  Ð Ðnonresident€for€purposes€of€this€requirement€unless€the€individual€€has€already€qualified€as€a€resident€on€the€dateÐ Þ!¨ Ðof€sale€or€transfer€of€real€property.€(See€section€105.20€of€this€Title€concerning€qualifying€as€a€resident€under€sectionÐ ¶#€  Ð605(b)(1)(B).)Ð Ž%X" Ðà ° àà Ü à(3)€ð ðGainðð€on€the€sale€or€transfer€has€the€same€meaning€as€used€in€section€1001€of€the€Internal€RevenueÐ f'0!$ ÐCode€as€that€section€applies€to€the€sale€or€transfer€of€real€property.€€Ð >)#& Ðà ° àà Ü à(4)€ð ðSale€or€transfer€of€real€propertyðð€means€the€€change€of€ownership€of€a€fee€simple€interest€in€realÐ +à$( Ðproperty€by€any€method.€€€Ð î,¸&* Ðà ° àà Ü à(5)€ð ðSeller€or€transferorðð€means€the€individual,€estate,€or€trust€making€the€sale€or€transfer€of€a€fee€simpleÐ 6 Ðinterest€in€real€property.€Ð Ø Ðà ° àà Ü à(6)ððRecording€officerðð€means€the€county€clerk€of€the€county,€except€in€a€county€having€a€register,€whereÐ æ ° Ðit€means€the€register€of€the€county,€or€in€the€city€of€New€York€where€it€means€the€city€register€and€any€otherÐ ¾ ˆ Ðemployee€of€the€Department€of€Finance,€as€appropriate.€€Ð – ` ÐSection€163.2€Estimation€of€tax€due.€Ð n8  Ðà ° à(a)€A€nonresident€taxpayer€must€estimate€the€personal€income€tax€due€on€a€form€prescribed€by€theÐ F  Ðcommissioner,€using€an€estimated€tax€rate€that€equals€the€highest€rate€of€tax€for€the€taxable€year€provided€in€sectionÐ è  Ð601€of€the€Tax€Law.€€The€estimated€tax€due€will€equal€the€gain,€if€any,€multiplied€by€that€rate.€The€amount€of€theÐ öÀ Ðgain€used€in€the€computation€is€equal€to€the€amount€reportable€for€federal€income€tax€purposes€for€the€taxable€year.€Ð Θ Ðà ° à(b)€If€the€real€property€being€sold€or€transferred€is€located€partly€within€and€partly€without€New€York€State,Ð ¦p Ðthen€the€nonresident€taxpayer€must€estimate€the€tax€due€using€only€the€portion€of€the€gain€reasonably€attributableÐ ~H Ðto€the€portion€of€the€real€property€located€within€New€York€State.€Ð V  Ðà ° à(c)€If€the€nonresident€taxpayer€is€an€estate€or€trust,€it€must€estimate€the€tax€due€based€on€the€gain,€if€any,Ð .ø Ðcomputed€without€reduction€for€any€distribution€of€income€to€the€€beneficiaries€during€the€tax€year€of€the€sale€orÐ  Ð Ðtransfer.Ð Þ!¨ ÐSection€163.3€€Filing€and€payment.Ð ¶#€  Ðà ° à(a)€A€nonresident€taxpayer€must€file€the€estimated€tax€form€with€the€recording€officer,€along€with€paymentÐ Ž%X" Ðof€any€estimated€tax€due,€at€the€time€a€deed€is€recorded€or€accepted€for€recording.€The€taxpayer€must€make€aÐ f'0!$ Ðpayment€payable€to€the€Department€of€Taxation€and€Finance€for€the€estimated€tax€that€is€separate€from€any€otherÐ >)#& Ðpayment€made€to€the€recording€officer€at€this€time.€(For€an€alternate€payment€and€certification€procedure€which€isÐ +à$( Ðavailable€for€sales€with€a€date€of€sale€or€transfer€on€or€before€December€31,€2003,€see€Part€163€of€Title€20€Ô_ÔNYCRRÔ_ÔÐ î,¸&* Ð(adopted€on€August€26,€2003)€and€section€663€of€the€Tax€Law€enacted€by€Chapter€62,€Laws€of€2003.€The€paymentÐ 6 Ðand€certification€procedure€set€forth€in€the€August€26,€2003€regulation€is€in€lieu€of€the€procedure€set€forth€herein.)Ð Ø ÐExcept€for€a€nonresident€taxpayer€who€meets€one€of€the€exemptions€from€the€requirements€described€in€sectionÐ æ ° Ð163.4€of€this€Part,€all€nonresident€taxpayers€who€are€sellers€or€transferors€of€real€property€within€New€York€StateÐ ¾ ˆ Ðmust€file€the€estimated€tax€form€whether€or€not€they€have€a€gain.Ð – ` ÐSection€163.4€€Exemption€from€requirements.€Ð n8  Ðà ° à(a)€Section€663(d)€of€the€Tax€Law€provides€that€the€requirements€of€section€663€do€not€apply€€where:Ð F  Ðà ° à€€€€€(1)€the€real€property€being€sold€or€transferred€is€the€principal€residence€of€the€seller€or€transferor€withinÐ è  Ðthe€meaning€of€section€121€of€the€Internal€Revenue€Code€(see€subdivision€(b)€of€this€section);Ð öÀ Ðà ° à€€€€€(2)€the€seller€or€transferor€is€a€mortgagor€conveying€the€mortgaged€property€to€a€mortgagee€in€foreclosureРΘ Ðor€in€a€transfer€in€lieu€of€foreclosure€with€no€additional€consideration€(see€definition€of€ð ðconsiderationðð€in€sectionÐ ¦p Ð575.1(d)€of€this€Title);€€or€Ð ~H Ðà ° à€€€(3)€the€seller€or€transferor,€or€transferee€is€an€agency€or€authority€of€the€United€States€of€America,€anÐ V  Ðagency€or€authority€of€New€York€State,€the€Federal€National€Mortgage€Association,€the€Federal€Home€LoanÐ .ø ÐMortgage€Corporation,€€the€Government€National€Mortgage€Association,€or€a€private€mortgage€insurance€company.Ð  Ð Ðà ° à(b)€The€principal€residence€exemption€set€forth€in€paragraph€(a)(1)€of€this€section€applies€only€where€theÐ Þ!¨ Ðproperty€being€sold€or€transferred€qualifies€in€total€as€the€principal€residence€of€the€seller€or€transferor.€If€theÐ ¶#€  Ðproperty€being€sold€or€transferred€includes€both€the€principal€residence€and€other€property,€then€the€taxpayer€mustÐ Ž%X" Ðfile€and€pay€any€estimated€tax€due€based€on€the€gain€from€the€other€property.€€€€€€Ð f'0!$ ÐSection€163.5€Requirements€for€recording€of€deed.€€Ð >)#& Ðà ° à(a)€€No€deed€shall€be€recorded€or€accepted€for€recording€by€any€recording€officer€unless€the€recording€officerÐ +à$( Ðhas€received€with€respect€to€every€seller€or€transferor€who€is€an€individual,€estate€or€trust:€(1)€a€form€prescribed€byÐ î,¸&* Ðthe€commissioner,€along€with€payment€in€full€of€€the€estimated€tax€due,€if€any,€or,€(2)€a€form€prescribed€by€theÐ 6 Ðcommissioner€containing€a€certification€by€the€individual,€estate€or€trust€that€section€663€is€inapplicable€to€the€saleÐ Ø Ðor€transfer.€€€The€method€for€taxpayers€to€make€the€certification€is€prescribed€in€forms€and€instructions.€€€Ð æ ° ÐSection€163.6€Designation€of€and€duties€of€agents.à À àÐ ¾ ˆ Ðà ° àThe€recording€officers€in€New€York€State€€shall€act€as€the€agents€of€the€commissioner€to€collect€the€estimated€Ð – ` Ðtax€due,€if€any,€shown€to€be€payable€on€the€form€prescribed€by€the€commissioner.€The€recording€officer€must€collectÐ n8  Ðthe€estimated€tax€at€the€time€that€a€deed€is€recorded€or€accepted€for€recording€and€must€collect€a€payment€payableÐ F  Ðto€the€Department€of€Taxation€and€Finance€for€the€estimated€tax€that€is€separate€from€any€other€payment€made€toÐ è  Ðthe€recording€officer€at€this€time.€Every€recording€officer€must€remit€to€the€commissioner€any€funds€collected€andÐ öÀ Ðreturns€filed€with€such€recording€officer€in€a€timely€manner,€not€to€exceed€three€business€days€after€receipt€of€theРΘ Ðfunds€and€returns.Ð ¦p ÐSection€163.7€€Liability€of€recording€officer.Ð ~H Ðà ° àA€recording€officer€is€not€liable€for€any€inaccuracy€in€any€statement€on€the€form€prescribed€by€theÐ V  Ðcommissioner€or€in€the€amount€of€estimated€€tax€collected€so€long€as€he€or€she€collects€the€estimated€€tax€shown€asÐ .ø Ðpayable€on€the€form.Ð  Ð ÐSection€163.8€€Validity€of€record€of€deed.Ð Þ!¨ Ðà ° àWhen€a€deed€is€recorded€notwithstanding€an€omission€or€inaccuracy€in€the€form€prescribed€by€theÐ ¶#€  Ðcommissioner€or€in€any€certification€by€the€transferor€on€such€form€or€a€deficiency€in€the€payment€of€estimated€€tax,Ð Ž%X" Ðthe€record€of€such€deed€is€not€invalidated€by€reason€of€such€omission,€inaccuracy,€erroneous€certification€orÐ f'0!$ Ðâ âdeficiency€and€the€title€founded€on€such€deed€is€not€impaired€thereby.Ð >)#& Ðà ° àSection€2.€€These€amendments€shall€take€effect€as€a€permanent€rule€on€the€day€that€the€€Notice€of€AdoptionÐ 6 Ðregarding€such€amendments€is€published€in€the€òòState€Registeróó€and€shall€apply€to€all€sales€or€transfers€of€real€propertyÐ Ø Ðwithin€New€York€State€by€taxpayers€subject€to€Article€22€of€the€Tax€Law€on€or€after€September€1,€2003.Ð æ ° Ðâ âÓÓÌÌDated:€€Albany,€New€YorkÐ – ` Ðà ° à€March€30,€2004Ð ‚L  ÐÌÌÌà ° àà Ü àà  àà ` àà ¸ àà  àà h àà À àà  à_________________________________Ð 2ü  Ðà ° àà Ü àà  àà ` àà ¸ àà  àà h àà À àà  àAndrew€S.€Ô_ÔEristoffÔ_ÔÐ è  Ðà ° àà Ü àà  àà ` àà ¸ àà  àà h àà À àà  àCommissioner€of€Taxation€and€Finance