31 Jan 2015 12:24 PM:
We purchased in October 2014. Our solicitor informed us about this tax, so we were expecting an extra payment however to our surprise and our solicitors it was a lot larger than anticipated. It came in at an extra €4000, which was paid on completion. We were told we could contest this but the fees and time it would take would add up to a similar figure. The only good thing about paying this tax is if we should sell the property we will only have to pay tax on the profit made between the cadestral value and the selling price. Hope this helps.
Community thread:
Complementaria, Purchase price tax.
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