RPT Clearance Certificates
Conveyancing
01/02/2008
Practitioners are reminded that residential property tax clearance certificates are no longer required in sales of residential property. Section 118 of the Finance Act 2007 effectively abolished the clearance certificate scheme for sales completed on or after 1 February 2007. This applies both to contracts dated on or after 1 February 2007 or contracts dated prior to 1 February 2007 where the sale is to be completed on or after 1 February 2007. The committee is currently reviewing the standard Requisitions on Title and requisition 16.11 will be revised accordingly.