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Confused house price

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Posted: Sat Jul 27, 2019 10:21am
53 replies4068 views11 members subscribed
Sue22

Posts: 28

Location: Torrevieja

4 helpful posts

We have recently put a deposit on a property and have received documents via email regarding the price both party’s have agreed on, but we are confused as this is not the amount we offered,it actually states it as 6,000 euros less! Not sure if anyone has any answers to why this might be

killjoy

killjoy

Helpful member

Sat Jul 27, 2019 12:12pm

Posts: 539

Location: Orihuela Costa

278 helpful posts

Posted: Sat Jul 27, 2019 12:12pm

If you paid said "deposit" to an agent, this money is gone forever. Hard to comment the rest without knowing details.

Sue22

Sue22

Original Poster

Sat Jul 27, 2019 12:27pm

Posts: 28

Location: Torrevieja

4 helpful posts

Posted: Sat Jul 27, 2019 12:27pm

Hi,we paid the deposit to our solicitor in Spain,we have paperwork that states the purchase price,purchase tax,and all fees,notary,admin,land reg,NIE numbers,etc.But we have since had this email stating the Purchase price as 6,000 euros cheaper.Like I said we are a bit confused!! 

Thanks for your reply anything else you might think of would be ap

Cheryl

Cheryl

Very helpful member

Sat Jul 27, 2019 12:35pm

Posts: 786

Location: Albatera

695 helpful posts

Posted: Sat Jul 27, 2019 12:35pm

Speak to your solicitor, it's what you are paying for. It may be a tax dodge, it may be for the furniture (another tax dodge) or it may be a little extra for the estate agent, anything is possible!

RayD

RayD

Super helpful member

Sat Jul 27, 2019 12:39pm

Posts: 2642

Location: Catral

1805 helpful posts

Posted: Sat Jul 27, 2019 12:39pm

Sue22 wrote on Sat Jul 27, 2019 12:27pm:

Hi,we paid the deposit to our solicitor in Spain,we have paperwork that states the purchase price,purchase tax,and all fees,notary,admin,land reg,NIE numbers,etc.But we have since had this email stating the Purchase price as 6,000 euros cheaper.Like I said we are a bit confused!! 

Thanks for your reply anything else you might think of would be ap

I suspect that what has happened is that the the inmobiliario and the abogado have come to an arrangenet to declare the price 6.000 € less to the notario in order to pay less tax.

Often the extra is paid in cash, but it may be that the abogado has 'absorbed' the extra 6.000 in other items.

Have a look at what he has quoted for the sales tax - it should be 10% of the sale price.

I would scrutinise the bill to see if the money has gone elsewhere.

John56

John56

Legendary helpful member

Sat Jul 27, 2019 12:46pm

Posts: 1787

Location: La Zenia

2010 helpful posts

Posted: Sat Jul 27, 2019 12:46pm

RayD wrote on Sat Jul 27, 2019 12:39pm:

I suspect that what has happened is that the the inmobiliario and the abogado have come to an arrangenet to declare the price 6.000 € less to the notario in order to pay less tax.

Often the extra is paid in cash, but it may be that the abogado has 'absorbed' the extra 6.000 in other items.

Have a look at what he has quoted for the sales tax - it should be 10% of the sale price.

I would scrutinise the bill to see if the money has gone elsewhere.

I am with RayD on this, it looks like a Tax dodge by the inmobiliario and the abogado which if not sorted before completion could leave you open to a demand for what is commonly known as Complimentary Tax a couple of years down the line, something that has been covered on the Forum in the past.

Sue22

Sue22

Original Poster

Sat Jul 27, 2019 1:00pm

Posts: 28

Location: Torrevieja

4 helpful posts

Posted: Sat Jul 27, 2019 1:00pm

Thank you all,we are so confused,Purchase tax is 10per cent.we have emailed solicitor but doubt if we will hear back until Monday.Theres no way we want to be hit with a big bill in a couple of years time.The furniture is supposedly in with the price too!who are Inmobiliario/Avogadro?

Sue22

Sue22

Original Poster

Sat Jul 27, 2019 1:01pm

Posts: 28

Location: Torrevieja

4 helpful posts

Posted: Sat Jul 27, 2019 1:01pm

Sorry but we don’t speak Spanish !!

John56

John56

Legendary helpful member

Sat Jul 27, 2019 1:05pm

Posts: 1787

Location: La Zenia

2010 helpful posts

Posted: Sat Jul 27, 2019 1:05pm

Sue22 wrote on Sat Jul 27, 2019 1:01pm:

Sorry but we don’t speak Spanish !!

That is what they might be playing on, at the Notary you are confused by the procedure as it is carried out in Spanish, it is essential you have an independent translator present to ensure that you fully understand what is happening. Hopefully you can get this sorted and our warnings are not applicable to the situation.

Sue22

Sue22

Original Poster

Sat Jul 27, 2019 1:15pm

Posts: 28

Location: Torrevieja

4 helpful posts

Posted: Sat Jul 27, 2019 1:15pm

Thanks John56,I’ll be back with the outcome when we get answers 

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