Is the vendor entitled to give relevant documents to the Inland Revenue?
Keep invoices and written invoices. Within a limit of a few days it can happen that the house will or will not be liable to the VAT. In any case this situation is not by itself penalizing. In effect it is a transfer of tax. It is the vendor who pays the taxes instead of the purchaser. It is why the phrase ” reduced ‘notaire’ fees” does not mean saving for the buyer. The total expenses for the purchaser will be nearly equal to the price of the sale raised by the ‘notaire’s fees ( and eventually of the real estate agency). It is the repartition in these expenses fields that can vary and not really the cost price for the buyer. The main interest of the purchaser is the fact he becomes the owner of a very new building and still under guarantee ( 10 years for the main works). In all events and before assessing the price of the sale the fiscal regulation of the sale has to be checked. The vendor will have to calculate his price thinking of this particularity. If the question is well examined
