Page 2 of 4 TP-584 (3/07)
Part III – Explanation of exemption claimed on Part I, line 1 (check any boxes that apply)
The conveyance of real property is exempt from the real estate transfer tax for the following reason:
a. Conveyance is to the United Nations, the United States of America, the state of New York, or any of their instrumentalities,
agencies, or political subdivisions (or any public corporation, including a public corporation created pursuant to agreement or
compact with another state or Canada) .............................................................................................................................................. a
b. Conveyance is to secure a debt or other obligation ............................................................................................................................ b
c. Conveyance is without additional consideration to confirm, correct, modify, or supplement a prior conveyance ............................... c
d. Conveyance of real property is without consideration and not in connection with a sale, including conveyances conveying
realty as bona fide gifts ....................................................................................................................................................................... d
e. Conveyance is given in connection with a tax sale ............................................................................................................................. e
f. Conveyance is a mere change of identity or form of ownership or organization where there is no change in beneficial
ownership. (This exemption cannot be claimed for a conveyance to a cooperative housing corporation of real property
comprising the cooperative dwelling or dwellings.) Attach Form TP-584.1, Schedule F .................................................................... f
g. Conveyance consists of deed of partition ........................................................................................................................................... g
h. Conveyance is given pursuant to the federal Bankruptcy Act ............................................................................................................. h
i. Conveyance consists of the execution of a contract to sell real property, without the use or occupancy of such property, or
the granting of an option to purchase real property, without the use or occupancy of such property ................................................. i
j. Conveyance of an option or contract to purchase real property with the use or occupancy of such property where the
consideration is less than $200,000 and such property was used solely by the grantor as the grantor’s personal residence
and consists of a one-, two-, or three-family house, an individual residential condominium unit, or the sale of stock
in a cooperative housing corporation in connection with the grant or transfer of a proprietary leasehold covering an
individual residential cooperative apartment ....................................................................................................................................... j
k. Conveyance is not a conveyance within the meaning of Tax Law, Article 31, section 1401(e) (attach documents
supporting such claim) ........................................................................................................................................................................... k
l. Other (attach explanation) ..................................................................................................................................................................... l
Schedule B — Real estate transfer tax return (Tax Law, Article 31)
Part I – Computation of tax due
1 Enter amount of consideration for the conveyance (if you are claiming a total exemption from tax, check the
exemption claimed box, enter consideration and proceed to Part III) .............................. Exemption claimed 1.
2 Continuing lien deduction (see instructions if property is taken subject to mortgage or lien) ......................................... 2.
3 Taxable consideration (subtract line 2 from line 1) ................................................................................................... 3.
4 Tax: $2 for each $500, or fractional part thereof, of consideration on line 3 ......................................................... 4.
5 Amount of credit claimed (see instructions and attach Form TP-584.1, Schedule G) ................................................... 5.
6 Total tax due* (subtract line 5 from line 4) ................................................................................................................ 6.
Part II – Computation of additional tax due on the conveyance of residential real property for $1 million or more
1 Enter amount of consideration for conveyance (from Part I, line 1) ........................................................................ 1.
2
Taxable consideration (multiply line 1 by the percentage of the premises which is residential real property, as shown in Schedule A)
... 2.
3 Total additional transfer tax due* (multiply line 2 by 1% (.01)) .................................................................................. 3.
*Please make check(s) payable to the county clerk where the recording is to take place. If the recording is to take place in New York
City, make check(s) payable to the NYC Department of Finance. If a recording is not required, send this return and your check(s) made
payable to the NYS Department of Taxation and Finance, directly to the NYS Tax Department, RETT Return Processing, PO Box 5045,
Albany NY 12205-5045.