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Tax payable on Transfer of Title

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sausageandpas


Joined: 21/01/2009
Posts: 5

Message Posted:
24/02/2009 15:51

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Message 1 of 3 in Discussion

Last year we had the chance to pay 0.5% to have our sale agreement stamped. Do we now have to pay a fee to tranfer the Title (Deeds/Kocan) from the owner into our names? Is it only for the house area or the plot size and how much will it cost.

Thank you.



Wiser


Joined: 30/07/2008
Posts: 796

Message Posted:
24/02/2009 16:15

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Message 2 of 3 in Discussion

You will have to pay 3% purchases tax if this is your first purchase and if the house is new 5% vat if not already paid. Your solicitor will be able to tell you the exact amount as they are changing the rules continously but I think that it is now based on the contract price.



mustafaleak


Joined: 08/02/2009
Posts: 199

Message Posted:
24/02/2009 16:57

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Message 3 of 3 in Discussion

Currunt transfer fee is 0.75% based on sale price of property and land.



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