Exchange of title

[SKYBLUESAM]

Hi All,
What are the Builders/Developers tax commitments on exchange of title?

[Art]

It depends on what is written in the contract but it normally 3%.

Some developers/builders refuse to transfer thre title deeds unless you pay their tax.

[ozankoys]

Stoppaj (Sales tax) is normally 4%

[turtle]

The builders tax is normally included in your purchase price so you have already paid it indirectly.

Make the builder pay it,.. but how you do that is anybody's guess ?

[gillken]

Prior to final payment retain enough money to cover the taxes.