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Posted: Fri Jul 1, 2022 12:49am
Legendary helpful member
Hi Kate,
What the vendor and their estate agent are proposing is illegal. If you agree to it, you will pay proportionately less ITP (property transfer tax), which will make you complicit in tax fraud. If they won't proceed at the fully declared sale price, walk away. If the tax office decide that you have paid less for the property than the declared sale price, they can penalise you (not the vendor) with Complementary tax.
Kind regards,
Kim
I agree with the previous replies - look for another property and change solicitors.
We purchased our property in Cabo Roig in 2021, and paid the 3k deposit, then the remainder of the 10% deposit.
I cannot recommend enough BLG - highly professional solicitors.
Maria Carmen Gálvez Molera
Despacho de BEGOÑA LÓPEZ GARCÍA
BLGABOGADOS Y ASOCIADOS
C/ Maldonado nº 3
03181 Torrevieja, Alicante, Spain
Tel: +34 96 670 49 77
Fax: +34 96 670 22 06
Email: [email protected]
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