Attention Homeowners: New Transparency Rules Coming November 30th
Beginning November 30th, anytime an individual has indirect ownership of land through corporations, partnerships or trusts, the “reporting body” (the legal owner on paper) must file a “transparency report” in the Land Owner Transparency Registry identifying the “interest holder” (the true beneficial owner). The purpose of the Registry is to increase housing affordability by addressing hidden ownership and tax fraud. Please watch this short video to learn more. Does this apply […]
