How to swap condos title with a neighbor (and pay some more)

[hrrecruiter]

Is it possible to put my own condo as part of an offer in additional to some cash when purchasing a bigger condo in my building? How would the land office calculate taxes? Anything else I should be aware of?

 

Thank you

[ExpatOilWorker]

Tax is a percentage of the appraisal value. The actual purchase price is irrelevant. 

[scubascuba3]

Would go through as a normal sale and buy so transfer taxes to be paid as normal

[OneZero]

3 hours ago, ExpatOilWorker said:

Tax is a percentage of the "the Land Office's assessed" appraisal value. The actual purchase price is irrelevant. 

 

Edited July 21, 2020 by OneZero

[natway09]

It still needs to be all registered at the Land Office.

It is illegal to "just swap" & anyway everybody would have wrong paperwork