09 Jan 2008 11:14 AM:

Our sale failed last June simply because the seller wanted to underdeclare... Our lawyer said "no", not only is it illegal but you could be in trouble with tax authorities for fraud!! 

When we refused to underdeclare, the seller walked away - by that time we had spent quite a few thousand euros!!!!

From our understanding, the authorities are now clamping down hard when they discover BM so not a good idea in my humble opinion.

Thread: BLACK MONEY PROBLEMS

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23 May 2007 12:00 AM:

Question for Maria de Castro - we are buying a resale (old house) which was first registered in Dec06 - therefore, until Dec08, we understand that a long lost relative, for example, can claim the house is actually theirs.  We understand too that the claim would be against the current vendor.

It's obviously a risk but our lawyer says that in 99.9% of cases, things are OK - obviously he has to advise us of the risk.

Can you kindly let me have your view; thanks in advance.

Thread: Land Registry

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