524. REPORTING TRANSFERS

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. SOURCE: Final Rulemaking published at 36 DCR 8653, 8662 (December 29, 1989). District of Columbia Municipal Regulations Taxation and Assessments 9 DCMR § 524