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I have since realised that the Vendor would have to pay EA fees regardless of how the sale ends up. Does a Vendor have to pay tax of any sort on the sale price?
It is illegal assuming that this is done to evade tax.nothing illegal ... offer him €317,500 plus about €5k cash.
It is illegal assuming that this is done to evade tax.
So it did. But it's an apposite word in this second context anyway.Didn't the "illegal" quote above refer to the phone number not what was proposed re: paying cash to the vendor??
So it did. But it's an apposite word in this second context anyway.
It may also be relevant when calculating the stamp duty rate. e.g. House for €320,000, which includes contents of €5000 will attract the lower rate of stamp duty.
Not according to some of the comments above and in many other similar threads.You can say the €5k is for contents to avoid anything ugly in the future, that would be the safest bet..
Not according to some of the comments above and in many other similar threads.
Well, I wouldn't depend on an EA for authoritative or independent tax advice. I still believe that this approach to mitigating SD costs is not kosher. Perhaps one of the tax experts can (probably for the 100th time) clarify?the Estate Agent did up a letter and draft of contents to the value of €12.5k which we paid in cash and that was to be paid the same day or week that we signed the contracts.
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So it must be possible to do this to ensure purchaser is not done for evading Stamp Duty in the future.
I don't think if you did that you would be assured of not evading stamp duty.So it must be possible to do this to ensure purchaser is not done for evading Stamp Duty in the future.
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