P
property2005
Guest
Please explain details of "Purchase or Trust"
Over a year ago I put a deposit (€6.5k) on an investment apartment (Cost c.€215k) that is due for compelletion in c. March 2006.
However my suitation has now changed and I would like to sell the apartment. I have the developers consent to sell "Purchase of Trust" however I am unsure of the Pro's and Con's for me.
The apartment is c.52m2 or 560ft2 at a cost of c.€215k.
Do I need to pay stamp duty at 4% [I am not a first time buyer]
I have not signed a contract yet however there is one with my name on it!
Can I have name changed? So I then act as the Developers seller
Will I need to pay tax etc if I sold property for approx €230k
Thank you for your help
Over a year ago I put a deposit (€6.5k) on an investment apartment (Cost c.€215k) that is due for compelletion in c. March 2006.
However my suitation has now changed and I would like to sell the apartment. I have the developers consent to sell "Purchase of Trust" however I am unsure of the Pro's and Con's for me.
The apartment is c.52m2 or 560ft2 at a cost of c.€215k.
Do I need to pay stamp duty at 4% [I am not a first time buyer]
I have not signed a contract yet however there is one with my name on it!
Can I have name changed? So I then act as the Developers seller
Will I need to pay tax etc if I sold property for approx €230k
Thank you for your help