Location of immovable property rights deemed at building site, clarifying situs for transfer reporting and compliance An explanatory deeming provision is inserted: immovable property consisting of rights of the nature referred to in clause (b) of the referenced provision, when in or with respect to any constructed or to be constructed building or part of a building, shall be deemed to be situated at the place where the building has been or is to be constructed, clarifying situs for the subsection's application.
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Location of immovable property rights deemed at building site, clarifying situs for transfer reporting and compliance
An explanatory deeming provision is inserted: immovable property consisting of rights of the nature referred to in clause (b) of the referenced provision, when in or with respect to any constructed or to be constructed building or part of a building, shall be deemed to be situated at the place where the building has been or is to be constructed, clarifying situs for the subsection's application.
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