Musketier
2017-09-05 07:14:31
- #1
Is it still worth it for you at all?
With the property developer, real estate transfer tax is due for the land and house. However, no VAT is charged for this.
With the general contractor, you pay VAT on the contract for work and services and real estate transfer tax for the purchase of the land.
You pay both.
In addition, the contractor deliberately shifts the risk of additional construction costs onto you. Maybe he already knows more about what's in the ground?
But maybe it’s the other way around. Some are unpleasantly surprised by the hidden client model when suddenly real estate transfer tax is due on everything. Your general contractor, on the other hand, is playing with open cards.
What I haven’t figured out yet is who is actually the previous owner of the land?
With the property developer, real estate transfer tax is due for the land and house. However, no VAT is charged for this.
With the general contractor, you pay VAT on the contract for work and services and real estate transfer tax for the purchase of the land.
You pay both.
In addition, the contractor deliberately shifts the risk of additional construction costs onto you. Maybe he already knows more about what's in the ground?
But maybe it’s the other way around. Some are unpleasantly surprised by the hidden client model when suddenly real estate transfer tax is due on everything. Your general contractor, on the other hand, is playing with open cards.
What I haven’t figured out yet is who is actually the previous owner of the land?