Movable Property Intimation Form For Central Government Employees In Virginia

Category:

Leases - Contracts

State:

Multi-State

Control #:

US-00123

Format:

Instant download

Description

The Movable property intimation form for central government employees in Virginia is a crucial document that facilitates the declaration of movable assets owned by government personnel. This form is designed to ensure transparency and compliance with regulations regarding asset ownership. Key features of the form include sections for detailing the type of movable property, its estimated value, and the context of acquisition. Filling instructions emphasize the importance of providing accurate and complete information to avoid complications during audits or inspections. The form can be edited for updates; however, changes must be officially documented to maintain legality. Specific use cases relevant to the target audience—such as attorneys, partners, owners, associates, paralegals, and legal assistants—include aiding in the compliance processes of clients, assisting in financial disclosures, and ensuring the legality of transactions involving movable assets. By maintaining an organized record of assets, users can protect their interests and simplify legal procedures.

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FAQ

Note:- The declaration form is required to be filled in and submitted by member of Class – I and Class – II services under rule 18 (2) of the CCS (Conduct) Rules, 1964 on first appointment to the service and thereafter at the interval of every twelve months, giving particulars of all immovable property owned, acquired ...

An asset that does not have the capability to move from one place to the other is considered immovable property. In the real estate market, immovable property includes residential properties, warehouses, manufacturing units, and factories.

Since September 2023, Law No. 048/2023 dated 05/09/2023, determining the sources of revenue and property of decentralized entities, has established a tax on the sale of immovable property, levied at two different rates of 2 percent and 2.5 percent.