What Is a Connecticut Quitclaim Deed?
A Connecticut quitclaim deed transfers ownership of a property from one person to another.. This type of deed provides no warranty for the property’s condition and states that the owner is not liable for any issues. A quitclaim deed is often used to transfer property in divorce agreements or among family members. It can also be used to correct title information or to create a trust using the property.
Legal Templates’s free Connecticut quitclaim deed follows state requirements for a valid change of ownership. Use our forms to outline the terms of your property transfer.
What to Include in a Connecticut Quitclaim Deed
A Connecticut quitclaim deed needs to include the proper personal and property information. Gather and record the following items for clear, valid documentation of your property transfer.
- Party information: Record the name and address of each party involved in the deed. Clearly identify who is acting as the grantor and grantee.
- Legal description of the property: Provide an accurate and complete legal description, including the street address, plot number, metes and bounds, and reference to any previously recorded deeds.
- Quitclaim statement: Include an explicit statement regarding the lack of warranty and the release of liability from the grantor. This quitclaim statement should include the phrase “with quitclaim covenants” to distinguish it from a warranty deed or other property transfer methods.
- Witnesses and notarization: The completed quitclaim deed form must include the grantor’s signature, two witnesses, and a notary public.
- Statement of consideration: Provide a statement of consideration if the grantee made a payment for the property rights. Typically, this statement includes a nominal amount, such as $10, to indicate a payment was made without disclosing the full cost.
Formatting a Quitclaim Deed in Connecticut
Connecticut state law includes a few specific provisions regarding the format of a quitclaim deed. Ensure your document meets the following requirements for an effective and valid transfer of ownership:
- Must be legible
- Maximum paper size of 8.5″ x 14″
- 0.75″ margin on all sides
Sample Connecticut Quitclaim Deed
Legal Templates’s free Connecticut quitclaim deed offers customizable terms and information to meet your needs. Use our downloadable PDF and Word forms for effective documentation of property transfers.
How Much Does a Connecticut Quitclaim Deed Cost?
A Connecticut quitclaim deed includes both state and federal fees and tax considerations. Each of these costs can vary depending on your exact location and the value and consideration of your property. Consider the fees and taxes to determine the precise cost of your Connecticut quitclaim deed.
Filing Fees
When you file your official quitclaim deed form, you have to pay a variety of filing fees. The town clerk charges $10 for the first page of the deed and $5 for each subsequent page or fraction of a page. If you want any assignment of mortgage documents, you can expect to pay $2 for each assignment beyond the first two.
Transfer Taxes
A document transfer tax, known as a real estate conveyance tax in Connecticut, applies if the grantor receives at least $2,000 in exchange for the property. The tax costs range from 1% to 2.75% of the sales price, depending on the property type and the municipality in which the property is located.
Gift Taxes
Connecticut has its own state-level gift tax requirements. File the CT-706/709 form to determine the cost and pay these taxes. Typically, the grantor covers any applicable taxes unless the deed states otherwise. Not all property transfers will result in gift taxes if they do not exceed the state’s lifetime gift transfer limit.
Federal gift tax regulations also apply to quitclaim deeds if the consideration paid exceeds the IRS annual gift limit, which is $19,000 for the 2025 tax year. Any amount over this gift limit must be claimed and reported on your yearly tax return using Form 709.
Capital Gains Taxes
Capital gains taxes also apply at both the state and federal levels if the property transfer provided a profit for the grantor. Capital gains taxes for Connecticut quitclaim deeds are taxed at the same rate as income taxes, ranging from 2% to 6.99% depending on your tax bracket.
In addition, a federal capital gains tax may apply if the property’s value has increased significantly or if it was sold for considerably more than the owner originally paid. File your tax forms and evaluate the gains from your property transfer to determine the correct tax obligations.
