Please note that transfer fees are calculated based on whole shares. In the case of a share transfer, the agreed value of the share will be entered in the Purchase Amount field.
Example:
Let’s say the Agreed Contract Amount (€) is: 200,000
- When the buyer is ONE person or entity and buys the whole share, enter the whole amount agreed in the Purchase Amount field below; in this case 200,000.
- When the buyers are MORE THAN ONE person or entity (i.e., 2 persons that they buy equal share each) then divide the amount agreed by # of persons and enter the result of 100,000 in the Purchase Amount field below. When i.e., the buyers are 4 persons, then enter 50,000 for each buyer and each calculation.
In other words, split them the agreed Purchase Amount for the whole share according to the share each of them buys.
Notes:
Abolishment or reduction of the property transfer fees on the following cases:
- Total exemption from transfer fees, if the transfer relates to a transaction that is subject to VAT (e.g., for a new build property)
- In case a transaction is not subject to VAT (e.g., for a resale property), an exemption of 50% on the amount of transfer fees is applied now.
- When a property is owned solely by a company and the transaction involves the purchase of that company (transfer of its shares and not property), the buyer is granted a total exemption from transfer fees.
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