jennydor

I have been told by MRI that if I sell my apartment through them that I am liable for paying 16% eva??? ( tax)
can anyone clarify this
Thanks in advance
jen

elgestor

Hello jennydoor,

I should think they mean that you will have to pay 16% IVA on their commission. Any decent estate agent will give you an invoice for their commission and this by law has to have IVA of 16%.

For example if you sold your property for 100,000€ and MRI charged you a commission of 2% you would have to pay the following:

Commission: 2000€
IVA: 320€
Total 2360€

Hope this helps

David

jennydor

I was under the impression from the estate agent that it was 16% of the value of the property???

No where in the written legal document does it state 16% of the commision, this is where I mis understood?
I can email you a copy of the contract it helps, I am a complete novice at this.
And thankyou for your prompt reply

elgestor

Hello jennydoor,

I have PM'd you my email address. You can send your contract over to me and I'll take a look at it for you.

Regards

David