how much stopage tax on a 55000stg property

racoonchic



Joined: 17/11/2008
Posts: 3223

Message Posted:
10/12/2010 21:29

can anyone advise the percentage or total cost incurred pleasde

racoonchic



Joined: 17/11/2008
Posts: 3223

Message Posted:
10/12/2010 21:49

urgent please

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
10/12/2010 22:16

If the rate is still discounted at 4% for the vendors then it would be £2,200 otherwise it will be 3,437.50

walkerscott


Joined: 13/08/2009
Posts: 901

Message Posted:
10/12/2010 23:00

have a look at costs through the following link:



http://no-deeds-no-money.moonfruit.com/#/purchasing/4544145573

emineden1


Joined: 22/12/2008
Posts: 512

Message Posted:
10/12/2010 23:26

on £55000 you would pay the following;

Stopaj @ 4% assuming professional seller £2200

Transfer tax @ 3% if first property transfer £1650

KDV @ 5% £2750

wanderer


Joined: 05/02/2009
Posts: 1653

Message Posted:
11/12/2010 00:04

also its all worked out in YTL at the exchange rate when you bought the property

racoonchic



Joined: 17/11/2008
Posts: 3223

Message Posted:
11/12/2010 08:12

should the vendor be responsible or the buyer

ozankoys


Joined: 20/06/2008
Posts: 905

Message Posted:
11/12/2010 10:55

Hi the Vendor is responsible for the Stoppaj Tax.

Sorry to put a spanner in the works for you but depending on how old your contract is they will not necessarily work out the taxes on the contract value. A friend whose permissions had taken 6 years to be granted had to pay far more taxes than envisaged because instead of taking the Contract Value the Tapu valued the property at 43% more when it came to calculating the taxes - they get you all ways here! They do not take into consideration the date of the contract and how long you have been waiting with their endless inefficient bureacracy they look at the current market value.

At the time this particular contract was made the valuations were coming out at far less than the contract value, normally approximately 30% so no wonder even the honest builders are struggling as with even prudent budgeting they could not possibly have forecast such an astronomical hike in taxes on transfer.