Preliminary contract for land purchase

It is about the speculation tax, which would be incurred if the property had been purchased less than 10 years ago and you now wanted to sell it again. But, without being able to say that 100% for sure, the purchase date of the parents and not the gift would have to count for this period.

So if the parents have owned the property for more than 10 years, you can buy it directly. But the notary will tell you all this with legal certainty!

It would then have to be the parents' purchase date that counts for this deadline, not the gift.

For that, we would need to know whether he received it as a gift or if he provided a payment in return (then he actually has to wait 10 years). Dear OP: How does it look?

: That is of course true, if it was given as a gift and the parents bought it more than 10 years ago, then everything should be fine. If the transfer was made with consideration and is to be classified as a purchase, then the 10-year rule applies from that point in time.

Hey guys, that was exactly what I was saying

Which 10-year rule? It is related to renting, right?

What exactly is behind it in his case, I can only speculate (gift, sale, ...). I do not know him personally, but it was his statement. I just want to be cautious and not drive him away, as I have been searching for almost 3 years...

Thank you very much for the many comments. If we agree on the price, I will contact a notary and discuss what you previously described with him. The fee for the preliminary contract (it certainly won't be free) won't matter anymore if I have the security and it has no tax disadvantages.