Buyers Guide
Taxes and fees
2. PLUS VALIA:
Normally paid by the vendor but it may be stipulated that the buyer pays. This is an "added value" tax based upon the increase of the Town Hall index value of the land only, from the prior vendor's purchase to the present sale.
There are several variable factors used in calculating this tax such as location, area of land, building volume permitted, period of ownership of the vendor. Therefore, the amount payable can vary substantially and should be verified before proceeding with the purchase.
This tax must be quantified and negotiated with the vendor during the negotiation stage. Who pays it will be discussed by your lawyer in the negotiation stage.
Normally paid by the vendor but it may be stipulated that the buyer pays. This is an "added value" tax based upon the increase of the Town Hall index value of the land only, from the prior vendor's purchase to the present sale.
There are several variable factors used in calculating this tax such as location, area of land, building volume permitted, period of ownership of the vendor. Therefore, the amount payable can vary substantially and should be verified before proceeding with the purchase.
This tax must be quantified and negotiated with the vendor during the negotiation stage. Who pays it will be discussed by your lawyer in the negotiation stage.
