Recent Feedback
Three months ago my parents got a house sale agreed for 130 000 euro. It took them all this time to get the property surveyed, and repairs costs evaluated, due to delays from the part of the seller. Now their solicitor has received a letter from the owner's auctioneer confirming the sale, but the price of the house is quoted as 105 000e in this letter, meaning this auctioneer is suggesting that my parents pay 25 000 cash in hand to the owner. I realise that this can't be legal. Whose responsibility is it, and what might the consequences be for my parents if they actually bought the house on these terms?
Already Tried: it's a new situation - so nothing.
The auctioneer is certainly not suggesting that it would be both unprofessional and illegal. If the sale advise note is €105,000.00 that is the price your parents should payWhat is being proposed would be an attempt to defraud the revenue by both parties, as the vendor's may save on Capital Acquisitions Tax and the purchasers may saved on stamp duty (such saving would be negligible)