Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 28 - DEDUCTION FOR RESIDENCE IN INVENTORY
Rule 5 - Change in Ownership
Section 5-2 - Obligation of owner of residence in inventory upon transfer of ownership
Universal Citation: 50 IN Admin Code 5-2
Current through September 18, 2024
Authority: IC 6-1.1-12.8-8
Affected: IC 6-1.1-5.5; IC 6-1.1-12.8
Sec. 2.
An owner of residence in inventory who claims a residence in inventory deduction must provide to the county auditor a notice that:
(1) informs the auditor of a transfer of the ownership of the qualified residence in inventory; and
(2) indicates whether the new owner is eligible to receive a residence in inventory deduction.
The notice must be submitted to the county auditor at the same time that a sales disclosure form is filed under IC 6-1.1-5.5.
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