All the legal proceedings are usually under taken by the Bank, the Estate Agent or the Seller.
Lets see the break down off payments you will have to make.
- Transfer Tax - 5% of the official property value.
- Plus Valia Tax - pay all fees and taxes due on transfer of property.
- Land registry fees - fee is about 0.5% of the declared property value.
- Notary Fees -fee is about 0.75% of the declared property value.
- Lawyers fee - 1% of the purchase price may be requested.
- Tax Retention - buyer must retain 5% of the declared property price
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