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IT AMENDS LAW NO. 16,271 AS REGARDS THE COLLECTION OF TARIFFS BY THE CONSERVATIVE REAL ESTATE

Original Language Title: MODIFICA LA LEY Nº 16.271 EN LO RELATIVO AL COBRO DE ARANCELES POR PARTE DE LOS CONSERVADORES DE BIENES RAICES

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LAW NO. 20,094 AMENDS LAW NO. 16,271 IN RESPECT OF THE COLLECTION OF DUTIES BY THE CONSERVATIVE REAL ESTATE Having present that the H. National Congress has |! |given its approval to the following: Bill: " Single article.-Aggregate the following Article 30a in Law No 16.271, the recast, coordinated and systematised text of which was set out in Article 8 of the Decree of Law No 1 of 2000 of the Ministry of Justice: " Article 30a.-The actions of the (a) a real estate conservative to which the actual holdings of inheritances whose mass of goods does not exceed of 15 annual tax units, shall be released from the payment of the corresponding tariff duties. Also, those whose mass of goods exceeds that amount and does not exceed 45 annual tax units, will be freed from 50% of the payment of these duties. The registration, sub-registration and annotations to be carried out by the conservatives of real estate referring to immovable property which are transferred to the churches and religious entities shall also be exempt from the payment of duties. constituted as legal persons governed by public law. " And because I have had to approve and sanction it; therefore, promulgate and take effect as the Law of the Republic. Santiago, January 5, 2006.-RICARDO LAGOS ESCOBAR, President of the Republic.-Luis Bates Hidalgo, Minister of Justice. What I transcribe to you for your knowledge.-Salutes intently to Ud., Jaime Arellano Quintana, Assistant Secretary of Justice.