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We are willing to buy a house and two plots of land underneath it. The house was built about 20 years ago, but has not yet been in commission and is not registered in any way. The owner of the house owns the plot of land on which the house is located, as well as the adjacent plot on which part of the house is located. Could you please advise, what should I pay attention to in this transaction and are there any penalties that can be imposed?
...the possibility of further separation. Due to the very fact of unfinished construction, no other fines (except for the increased real estate tax rate of 3%) should be imposed, unless...
Registration of an inheritance
...the denial to separate a marital share from the inheritance; Separation of compulsory and marital share of compulsory inheritors; Restoration of inheritance rights in respect of property and real estate;...
What a member of the board needs to know to reduce his/her responsibility
...himself against, namely to make an assessment of the real estate, obtain the opinion of specialists and assessment of experts, to document the course of the board meetings. In the...
Residence permit for pensioners from visa-free countries
...securities or monthly income from rental real estate) are not taken into account. A residence permit for the same period as the pensioner himself can be obtained by his spouse,...
Rent, lease and gratuitous use
...and additions to concluded contracts; developing concepts and schemes to protect the interests of the lessor or lessee in case of disputable situations; registration of real estate lease rights with...
How to calculate and optimize immovable property tax in Latvia
...had increased the number of clients interested in calculation and optimization of taxes in respect of real estate transactions. Many unpleasant moments arise because people don’t know that upon selling...
Complex legal assistance
...contracts, courts, regulatory enactments, taxes, audit, establishment of commercial structures, representation, real estate, security issues of transactions, etc. A whole team of experienced, multi-profile lawyers 100% privacy of all processes...
Residence permit in Latvia. Questions and answers
...Yes, sure. “Riga Resident’s Card” can be obtained by all residents of Riga (i.e. those having declared their residence in Riga or persons who own a real estate in Riga),...
Issuance of residence permits to citizens of Russia and Belarus has been suspended
...again on the basis of investments (in the authorized capital of a Latvian company, in real estate, in a credit institution), but the object of investment has changed. In addition...
Important changes in the Latvian tax legislation in 2018
...income tax; a general tax rate of 20% is introduced for capital income, including capital gains (currently 10% and 15%); in case of alienation of non-residents’ real estate to a...
