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Myself and my girlfriend are FTB and recently put a bid of €381k on a house we are interested in. As this is the upper limit for 3% stamp duty we were fairly confident we would get the house as the only other bidder was a FTB.
However the estate agent came back to us saying the other bidder has offered €381k and €1k cash for furniture and fittings. The estate agent now wants us to send in a sealed bid stating we are prepared to offer €381k + €X of cash. Surely this amounts to tax evasion? and am surprised that this estate agebt is facilitating this. We are definitely not prepared to pay any more and will def not enter into a cash transaction with the seller. We feel that unless the other bidder can legitimately top our original bid then we should get first choice? Any advice?
However the estate agent came back to us saying the other bidder has offered €381k and €1k cash for furniture and fittings. The estate agent now wants us to send in a sealed bid stating we are prepared to offer €381k + €X of cash. Surely this amounts to tax evasion? and am surprised that this estate agebt is facilitating this. We are definitely not prepared to pay any more and will def not enter into a cash transaction with the seller. We feel that unless the other bidder can legitimately top our original bid then we should get first choice? Any advice?