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A change of ownership report (COR) is a document that is filed to notify the relevant authorities about a transfer in the ownership of a property or business.
Typically, the new owner of the property or business is required to file the change of ownership report.
To fill out a change of ownership report, you need to provide information such as the previous and current owner's details, property information, the date of ownership transfer, and any applicable identification numbers.
The purpose of change of ownership report is to update official records, ensure compliance with taxation laws, and inform relevant authorities about changes in property ownership.
Information that must be reported includes the names and addresses of the previous and current owners, the property description, the date of transfer, and any relevant legal documents.
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