183   Real property

(1)  A person making a return under section 449 (1) of the Act must disclose:

(a)  the address of each parcel of real property in which he or she had an interest on the return date, and

(b)  the nature of the interest.

(2)  A person making a return under section 449 (3) of the Act must disclose:

(a)  the address of each parcel of real property in which he or she had an interest at any time since the last return under Part 2 of Chapter 14 of the Act was made, and

(b)  the nature of the interest.

(3)  An interest in a parcel of real property need not be disclosed in a return if the person making the return had the interest only:

(a)  as executor of the will, or administrator of the estate, of a deceased person and not as a beneficiary under the will or intestacy, or

(b)  as a trustee, if the interest was acquired in the ordinary course of an occupation not related to his or her duties as the holder of a position required to make a return.

(4)  In this clause, interest includes an option to purchase.