The €62k is the valuation (what the property would likely sell for ) and takes into account its poor condition I have no problem with this and indeed I have a buyer at this price, if I had title. My problem is that I don't have title and hence cannot sell at present or get the value that has been accessed for tax.Could you get a valuation on the property, taking into account its condition, the issues with title etc?
Perhaps it would be worth €62k if it was in a sellable condition/status but that is not the case now as the issues you have identified will impact.
I don't know if there is a provision to be exempted from CAT, I doubt it.
I have been told that this will take between two and three years.
My solicitor states that the legal costs etc.will be part of the cost of sale but to get the value of this, I will have to increase the sale price of the property.
He is not sure .
What year was the lease that is causing the problem?
What question did the purchaser ask that couldn't be answered?
Can you borrow the tax? Technically something that cannot be solid is worth zero?
And laughing that percentage of estate is still the fees. Thought that was banned.
Did you get a fee quote in writing for a) probate and b) title?
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