Land title transfers
Land title transfers : After purchasing a piece of land, the next step to legalise the owner of your just purchased land is transferring the land title into your names. This way you can claim ownership of the land.
To most people, the process of transferring land titles into their names seems to be more complicated, especially to those with no idea of how to do it. www.moorlandconsults.com have come to save you, this article provides simplified information about several steps about land title transfers.
Request a Search and Transfer Form
The first step in land title transfers or registering the land in your names is requesting for a
search and consent form which is issued by the Ministry of Land, this form has where you fill out the details about the land to be searched.
Also, the registry provides a Bank Advice Form which is used to pay for the search in cash at
the Bank, this form serves two purposes as it is also used during the payments of taxes, in the cases of freehold ownership one does not have to request consent to transfer.
This form will be used to determine the amount of tax payments owed and to make the payments.
Pay Search Fee
After obtaining the Bank Advice Form, you can now go ahead and make a payment in the
designated bank upon which a receipt is granted. Before conducting a search, you will present this receipt at the registry.
Conduct the Search and Draft the Agreement
After making the payments, the search is conducted at the registry. You will have to present the receipt payment before the search can be conducted. At this point, you will pick the consent to transfer application.
Then an agreement is drafted which is done by a lawyer, although it is not mandatory.
Valuation of Property
Valuation of the property is usually done by the Chief Government Valuer’s office, this is done to mainly determine the value of the property for transfer purposes, assessment purposes and also for payment of stamp duty.
Obtain Clearance Form and Assessment of Stamp Duty
After the value approving the cost of the property, the file is taken to URA (Uganda Revenue Authority) where an assessment form for stamp duty is provided.
Note: Anyone purchasing land valued at more than shs. 50 million must provide an income tax clearance indicating their source of income for tax purposes.
Payment of Stamp Duty
The Stamp duty payment is paid in a designated commercial bank, it is required that the
payment is only made at the designated commercial bank. The bank will then notify URA that the payment has been made, the reconciliation process is then done between the bank and the revenue authority. This process takes three working days.
Consent to Transfer by the Land Board in Kampala
The transfer forms are then taken to the Land Board Offices in Kampala for consent, the payment of consent forms must be presented. In case companies are involved in the land title transfer transaction, they must file with the company’s registry for a special authorization which costs 20,000 Uganda shillings.
Assessment of Registration Fees
The sales agreement is then presented to Kampala Capital City Authority for approval of the
registration fee, an assessment form is then provided with a registration fee paid at a designated bank.
This document includes a signed sales agreement, a receipt of payment of the stamp duty and the Company’s resolutions to buy and sell.
Once the payment of registration fee at a designated commercial bank is done, the registration process continues.
Lodge the Sale Contract
The contract includes receipts of payment for registration fees, photocopies of IDs and Passport size photographs of both the seller and buyer at the Land Office where it is transmitted to the Registrar who passes the Instrument of Transfer.
The File is sent to the Commissioner
The file for the transfer goes to typing and is then sent to the Commissioner in charge of Land
Registration for verification, the registrar then cancels out the old owner in handwriting and signs against the new owner.
Do you need to register your newly purchased land or an old piece of land for a land title,
contact www.moorlandconsults.com/0703491553