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Transfer tax 2021: what exactly does it mean?

Navigating the complexities of transfer tax can be daunting for potential homebuyers, with rates varying based on age and the intended use of the property. Understanding these nuances can help you avoid unexpected costs and make informed decisions, while a professional building inspection ensures peace of mind and prevents unforeseen expenses post-purchase.

Transfer tax has been partially abolished since 2021. Some homebuyers no longer have to pay transfer tax, while others do. Are you considering buying a home? Your age and the purpose of the purchase will be taken into account. Based on these factors, the transfer tax amount you must pay will be determined. This could be 0 percent (nothing), or 2 or 8 percent. Want to ensure you won't face any unexpected costs shortly after purchasing the home? Request a building inspection from Homekeur.

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