tamer.darweesh
2022-01-13 15:30:11
- #1
Hello everyone,
A friend and I are planning to jointly purchase a plot of land. The plot currently has a single-family house, which the owner will demolish, and the plot will be divided. The owner has already submitted a preliminary building request, and we will only sign the contract once the building permit is approved.
We are currently also reviewing construction offers for building 2 semi-detached houses. We are building the houses independently of the landowner.
I assume that in our case the two contracts are completely independent. The construction company does not even know who the landowner is.
The real estate agent told me that I have to pay property transfer tax on the construction contract even if the construction contract is signed before or shortly after the purchase contract.
Does the order of the contracts affect the property transfer tax?
The notary also included this statement in the purchase contract:
"The buyer declares that he has not yet signed a construction contract for the development of the contractual plot of land."
Why is it necessary not to sign a construction contract before purchasing the land? Is this legally required?
The bank says they need a construction contract with a fixed price guarantee to avoid financing problems.
Thank you very much and best regards
A friend and I are planning to jointly purchase a plot of land. The plot currently has a single-family house, which the owner will demolish, and the plot will be divided. The owner has already submitted a preliminary building request, and we will only sign the contract once the building permit is approved.
We are currently also reviewing construction offers for building 2 semi-detached houses. We are building the houses independently of the landowner.
I assume that in our case the two contracts are completely independent. The construction company does not even know who the landowner is.
The real estate agent told me that I have to pay property transfer tax on the construction contract even if the construction contract is signed before or shortly after the purchase contract.
Does the order of the contracts affect the property transfer tax?
The notary also included this statement in the purchase contract:
"The buyer declares that he has not yet signed a construction contract for the development of the contractual plot of land."
Why is it necessary not to sign a construction contract before purchasing the land? Is this legally required?
The bank says they need a construction contract with a fixed price guarantee to avoid financing problems.
Thank you very much and best regards