596 TAX OF "ACCATASTAMENTO" ?

We are currently trying to buy a property and the agent has asked that we advance pay ther geometra 400 euros for the TAX OF "ACCATASTAMENTO" ? Can anyone help in explaining what this tax is .

Category
Property Sales/Rental Advice

Submitted by Anonymous (not verified) on Tue, 06/14/2005 - 14:33

[QUOTE=LIZI]We are currently trying to buy a property and the agent has asked that we advance pay ther geometra 400 euros for the TAX OF "ACCATASTAMENTO" ? Can anyone help in explaining what this tax is .[/QUOTE]
Is this a new or restored property? This sounds like the costs of listing the property you are buying with the land registry. Can you provide more info?

Submitted by Anonymous (not verified) on Tue, 06/14/2005 - 16:23

It is a property we are hoping to restore, currently farm storage but we have been told this will be converted to residential as part of the purchase

Submitted by Anonymous (not verified) on Wed, 06/15/2005 - 13:06

[QUOTE=LIZI]It is a property we are hoping to restore, currently farm storage but we have been told this will be converted to residential as part of the purchase[/QUOTE]
That's probably what it is, then. Converting the property to residential means a change in the land registry listings, which costs money, 400 euros sounds about right.

Submitted by Anonymous (not verified) on Wed, 06/15/2005 - 14:09

[QUOTE=gardahomes]That's probably what it is, then. Converting the property to residential means a change in the land registry listings, which costs money, 400 euros sounds about right.[/QUOTE]
thank you very much that is a weight off our minds. Will find out friday!