split residency
Submitted by Ram on Fri, 08/06/2010 - 13:05In reply to A newbie all over again! by Annec
Your electrician is right.... If your fiancee buys in her name only, and you are not married, she owns 100% of the property. Even when you are married, the property remains hers. I think that you could only ever recoup the amount of money you had contributed to the purchase, and that would have to be proved in court. If you buy in both names, she can claim prima casa on her half - and pay 3% of the catastal value and you will pay 7% in tax It will cost you a bit more on the purchase, but bear in mind the taxes are based on the rateable value and not the price you are paying, but you will have more peace of mind.
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I'm afraid having just been
Submitted by Penny on Sat, 08/07/2010 - 15:02In reply to A newbie all over again! by Annec
I'm afraid having just been through a very similar situation, it is nigh on impossible to prove the contribution you made wasn't a gift and therefore not a loan requiring repayment. If you want to be protected, you need to have your name on the deed for the %age you contribute. Anything else is too risky.
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I agree with Penny and Ram.
Submitted by Fillide on Sat, 08/07/2010 - 18:17In reply to A newbie all over again! by Annec
I agree with Penny and Ram. The important thing is that you are not married (yet). Stump up the extra 4% (as Ram points out, this is based on catastal value and not sale price) and so you are a 50% owner for very little money.
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