Watchman Posted June 18, 2004 Share Posted June 18, 2004 A friend is nearing agreement on a price on a house. The vendor has suggested that they have an official price and a higher, unofficial price. Why would he want to do that, is it to do with the notaire's fees? Link to comment Share on other sites More sharing options...
Iceni Posted June 18, 2004 Share Posted June 18, 2004 And tax I would imagine.This is (possibly) a good move for a seller but not for a buyer as it is illegal AFAIK.Johnhttp://www.iceni-it.co.uk Link to comment Share on other sites More sharing options...
Nick Trollope Posted June 18, 2004 Share Posted June 18, 2004 >A friend is nearing agreement on >a price on a house. > The vendor has suggested >that they have an official >price and a higher, unofficial >price. Why would he >want to do that, is >it to do with the >notaire's fees? Indeed it is, as the fees & the tax is based on the selling price. You will be asked (by the notaire) if the price you are paying is the actual price. If you lie to him & are caught out, then you will have defrauded the taxman. Does your friend want to go down that route?This seems to be quite common when the French sell to foreigners - I doubt if they would try it on a local that was a stranger to them.Nickhttp://www.aplaceinfrance.com Link to comment Share on other sites More sharing options...
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