Wednesday, August 29, 2012

Section 208 of RA 7160

SEC. 208. Notification of Transfer of Real Property Ownership. - Any person who shall transfer real property ownership to another shall notify the provincial, city or municipal assessor concerned within sixty (60) days from the date of such transfer. The notification shall include the mode of transfer, the description of the property alienated, the name and address of the transferee.
Posted by at

1 comment:

  1. UnknownAugust 29, 2012 at 4:27 AM

    This provision is addressed to those who construct or acquires real properties. They are given only 60 days to declare their property holdings with the Assessor's Office. In some LGUS, it impose 25% of one percent of the Assessed value of the property for penalties of declaring late

    ReplyDelete

Subscribe to: Post Comments (Atom)