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BOE502AH (P1) REV. 16 (0617)CHANGE OF OWNERSHIP STATEMENT This statement represents a written request from the Assessor. Failure to file will result in the assessment of a penalty. FILE THIS STATEMENT
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How to fill out change of ownership statement

01
To fill out the change of ownership statement, follow these steps:
02
Obtain the change of ownership statement form from the relevant authority.
03
Fill in the information about the current owner, including their name, address, and contact details.
04
Provide the information about the new owner, including their name, address, and contact details.
05
Include details about the property or asset being transferred, such as its description, location, and any relevant identification numbers.
06
Sign and date the form, ensuring all required signatures are obtained from both the current and new owners.
07
Attach any supporting documents required, such as proof of identification or any relevant legal documents.
08
Submit the completed form and supporting documents to the appropriate authority for processing.
09
Keep a copy of the completed form and any supporting documents for your records.

Who needs change of ownership statement?

01
A change of ownership statement is typically required in situations where there is a transfer of ownership of a property or asset. It may be needed by individuals, companies, or organizations who are involved in the following scenarios:
02
- Buying or selling real estate
03
- Transferring ownership of a vehicle
04
- Changing ownership of a business
05
- Handing over assets through inheritance or gifting
06
- Transferring ownership of stocks or investments
07
It is best to consult with the specific authority or entity involved to determine their requirements for a change of ownership statement.
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The change of ownership statement is a document that reports any changes in ownership of a property.
The new property owner is required to file the change of ownership statement.
You can fill out the change of ownership statement by providing information about the new owner, previous owner, and details of the property.
The purpose of the change of ownership statement is to inform the relevant authorities about any changes in ownership of a property for tax assessment purposes.
Information such as the names of the old and new property owners, the property address, purchase price, and any transfer taxes paid must be reported on the change of ownership statement.
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