SoloFlyer Posted March 21, 2012 Share Posted March 21, 2012 (edited) Hi, Have a buyer for a condo, hopefully. Lets say agreed price is 4.5mill; land departments valuation, 4mill. Buyer is suggesting we can minimize tax by declaring it an 'urgent' sale and declaring sale price as 3mill (with a separate contract for full sale price). Thoughts and implications?? Thanks Edited March 21, 2012 by SoloFlyer Link to comment Share on other sites More sharing options...
dave111223 Posted March 21, 2012 Share Posted March 21, 2012 Seeing as for tax they use the higher of the land department valuation, or the sales price, then it wouldn't make much sense to declare a price lower than 4mil. 1 Link to comment Share on other sites More sharing options...
PattayaPhom Posted March 21, 2012 Share Posted March 21, 2012 If the land office valuation is 4 Mil thats it, unless you know someone there that will allow you to pay on a lower value. Link to comment Share on other sites More sharing options...
SoloFlyer Posted March 22, 2012 Author Share Posted March 22, 2012 Thanks. Have since been told that its common practice for this particular tax - forget the name. Link to comment Share on other sites More sharing options...
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