D.C. Mun. Regs. tit. 9, r. 9-524

Current through Register Vol. 71, No. 49, December 6, 2024

Rule 9-524 - REPORTING TRANSFERS

524.1

Every corporation that owns real property in the District comprising at least forty percent (40%) of its gross assets shall keep a record of the transfer of its stock and report every transfer of an interest of its stock on an income and expense form under 9 DCMR § 330.

524.2

Every partnership, trust, estate or other entity having interest in real property in the District comprising at least forty percent (40%) of its gross assets shall keep a record of and report every transfer of interests in its capital, profits or beneficial interests on an income and expense form under 9 DCMR § 330.

524.3

The Deputy Chief Financial Officer may request supplemental information to be submitted to substantiate whether a transfer of an economic interest has occurred.

D.C. Mun. Regs. tit. 9, r. 9-524

Final Rulemaking published at 36 DCR 8653, 8662 (December 29, 1989)

Authority: Section 2(c) of the District of Columbia Real Property Tax Revision Act of 1974, approved September 3, 1974 (88 Stat. 1051, Pub.L. 93-407 ).