Quote:
Originally Posted by camel with three humps
Thank you for posting the above. Should be helpful to many people. The above is the theory, have you done any research on the practicality, working & the practise.
Certain, horror cases, not conforming to your above posting has already been posted on the forum. Eg, Notary not accepting a sale price & suggesting that the sale price was higher than declared, limitation/capping of foreign exchange repatriation.
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Hi Camel.
That's why I requested this thread was a "Sticky" as to encourage debate on this matter. Your correct, it is what should happen in an ideal situation, buy not what happens in practice. That's why it's good that people do post their experiences with regards to what happens when they come to actually sell their property, as when the rest of us decide to sell in 5-10 years we know what to look out for and what to expect.
Most of us have purchased off-plan developments and are some way from completion, hence selling the property. It will be interesting to see how the application of the tax laws develop and if there is improvement over the years as more people beging to sell and lock in profits.
Rgds
RED