ᐅ Is it common to buy land and pay part of the price in cash?
Created on: 14 Feb 2018 12:53
V
Vanyleon87
Hello,
I’m not sure if this is the right place, but we need some help. Here’s the situation: we found a piece of land privately where we want to build. However, the owner wants to do it so that only part of the amount is stated in the official purchase contract, and we would pay the rest in cash. (She mentioned maybe in an envelope in the notary’s waiting room, so she doesn’t have to pay tax on the full amount.)
We are very uncertain and find it strange that she wants to handle it this way. What do you think about that? We’re not sure if this could be considered tax evasion, which of course is completely unacceptable!
Thank you very much for your help.
I’m not sure if this is the right place, but we need some help. Here’s the situation: we found a piece of land privately where we want to build. However, the owner wants to do it so that only part of the amount is stated in the official purchase contract, and we would pay the rest in cash. (She mentioned maybe in an envelope in the notary’s waiting room, so she doesn’t have to pay tax on the full amount.)
We are very uncertain and find it strange that she wants to handle it this way. What do you think about that? We’re not sure if this could be considered tax evasion, which of course is completely unacceptable!
Thank you very much for your help.
Nordlys schrieb:
This is neither one thing nor the other. Either I stay clean and don’t get involved at all, or I participate and want to benefit, then I take the risk, become criminally liable, and choose the envelope option. What use is cash in the presence of a notary? If the notary sees that 120,000 euros (approximately 130,000 USD) are transferred, they cannot certify only 77,000 euros (about 84,000 USD). They would certify the full 120,000 euros, so who benefits except the original poster if they actually have large amounts of cash hidden away and need to launder their cocaine money. But that’s probably not the case. KarstenCome on: 77,000 euros (about 84,000 USD), notarized. Done. What else could the lady possibly claim? She has nothing more than the notarized contract for 77,000 euros! It’s settled, case closed! The sale is completed at 77,000 euros.
H
HilfeHilfe15 Feb 2018 06:50Hands off!
It will only cause you stress.
It will only cause you stress.
B
Bieber081515 Feb 2018 08:05Vanyleon87 schrieb:
their statement was possibly about an envelope in the notary’s waiting room, Some seem to have missed this sentence. The clever scammer takes the cash first and then signs the notary contract. No envelope, no signature.
Failed money handovers happen in movies; I recommend The Big Lebowski, where the characters try using dirty underwear instead of money. That, of course, causes trouble...
C
chand198615 Feb 2018 08:16And what actually stops the unashamed fraudster from taking the money, standing up, and leaving? Because it’s in a notary’s waiting room?
The “advice” to try and trick the fraudster yourself is completely unacceptable.
The principle of “an eye for an eye” was about ethics, not legality.
The idea that it’s okay to stoop to someone’s level just because they’re dishonest is disturbing. A prime example of selfish behavior.
By the way: The amount the government loses compared to a legal purchase at full price is the same in every scenario. But if you try to outsmart the fraudster, you are not acting illegally and can feel proud that you kept the money in your own pocket. Congratulations.
And this is being debated here because someone who wants to illegally cheat the government should be taught a lesson? What kind of logic is that?
Ridiculous!
To the original poster: Under no circumstances should you listen to this advice!
The “advice” to try and trick the fraudster yourself is completely unacceptable.
The principle of “an eye for an eye” was about ethics, not legality.
The idea that it’s okay to stoop to someone’s level just because they’re dishonest is disturbing. A prime example of selfish behavior.
By the way: The amount the government loses compared to a legal purchase at full price is the same in every scenario. But if you try to outsmart the fraudster, you are not acting illegally and can feel proud that you kept the money in your own pocket. Congratulations.
And this is being debated here because someone who wants to illegally cheat the government should be taught a lesson? What kind of logic is that?
Ridiculous!
To the original poster: Under no circumstances should you listen to this advice!
T
toxicmolotof15 Feb 2018 08:35I just wanted to point out that cash, in itself, is not illegal.
However, the agreed purchase price, the notarized purchase price, and the amount of money should all match.
However, the agreed purchase price, the notarized purchase price, and the amount of money should all match.