Conveyancing is the deed of transferring ownership to a new owner. The lawyer involved in mediation is the person who accepts the wishes of the buyer and seller and translates them into legal reality. You design the corresponding legal document and record the corresponding documents or similar real estate instruments. To do so, the lawyer will determine the form of the document that is appropriate for the transfer of ownership, who must sign, how the new owners hold the title, what the interests of the property are and much more. From the point of view of the seller of collective buildings, apartments or business units, the following factors must be taken into account when drafting the contract: transfers of property often involve the most important financial transactions in a person`s life. The decisions you make during this process will likely have an impact on you for years to come. For this reason, it is a good idea to contact a local real estate lawyer to discuss your plans and get the right legal advice. However, in this case, some tax allowances must be exceeded. Currently, spouses benefit from a tax exemption of 500,000.00 euros (in some cases perhaps beyond the personal leave pension), children have a tax allowance of 400,000.00 euros for each parent, stepchildren and siblings 20,000.00 euros. Inheritance and gift taxes apply only to assets that exceed these allowances. If you have transferred assets during your lifetime, this can have tax advantages: on the one hand, compensatory measures such as equal benefits or reserved rights, such as the right of residence or usufruit, reduce the value of the donation. On the other hand, tax breaks on donations can be re-started after a period of 10 years.
If there is a large property, it is important to start transferring the assets early. Legal due diligence also assists in the design of the sales contract. From the buyer`s point of view, there must be contractual clauses guaranteeing that the buyer can reduce the purchase price or terminate the contract or seek correction of construction defects or damages if, at a later date, it was to be shown that the object of purchase has legal or relevant defects or that the seller misled the buyer during the sale negotiations. Since the seller generally wants a total exemption from the guarantee, the competing interests of the buyer and seller must be met by appropriate contractual clauses in an appropriate compromise.