Document Update: MT Acknowledgment that Real Property is Not Exempt From Execution (Cx1412)
Apr 15, 2022
Upon review of the Georgia Seller’s Certificate of Exemption (our Cx1010), Docutech has determined that an update is in order. Ga. Code Ann. § 48-7-128 allows for an exemption for withholding requirements upon sale or transfer of real property to nonresidents. GA provides a model form found here: https://dor.georgia.gov/it-aff3-sellers-certificate-exemption
Docutech has updated its Cx1010 to match the model form as provided by the GA Department of Revenue. The change modifies the revision number of the document and adds a statement “For taxable years of the seller beginning on or after 1-1-2022, the seller qualified for and has made or intends to make the election to be taxed at the entity level as provided by O.C.G.A Section 48-7-21 or 48-7-23.”
These changes will be in effect on April 22, 2022. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
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The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.