The dirty money in the buy of the housing
When we negotiate the price of our future housing and always haggle the same topic arises: what quantity will be paid in black? Dirty money, money B, the second box, the fraud has many names and it is very widespread, and in the real estate business it seems that it is a constant.
The fraud, the dirty money, benefits to both parts of the buy sale. He benefits to the buyer since the expenses and the taxes that originate with the buy of the housing are related to the amount of this one. At major declared, major sale price it is the VAT or transmissions Tax, and the writing expenses, etc. Therefore, the dirty money reduces the expenses of the buy. Also he benefits the seller, since if it obtains an appreciation in the sale of the apartment he will have to declare it and pay for her in the Revenue, but if part of the benefit is realized in black it will not consist and the costs get cheaper also for the seller.
In fact, in these cases the seller is least benefited, since it might obtain the same in a legal way for example requesting an exemption for reinvestment of these benefits in the Revenue. It is different when it is a question of selling a VPO, in this case the seller will be most benefited of the use of the dirty money, it is the only way of selling it at market price until it passes the term that remains to change the qualification of the housing.
When a VPO always sells to itself the appreciation it is paid in black and this causes problems to the buying part since no bank offers mortgage loans to pay in black. The bank at the time of calculating the loan that it grants us will bear in mind the value of appraisal and also the value of escrituración, and, logically, if the loan is not going to remain sufficiently endorsed by the registered value of the apartment, will not grant the loan. Also, and if there is some absent-minded person, obviously the dirty money is not deductible. We will be able to deduce an account I save housing, the quotas of a mortgage loan, the expenses of the notary, but never a quantity paid in black.
Finally, to indicate that in these cases the money is black for the one who receives it, the seller. The one who delivers it, in fact, what he suffers is one on cost and some problems in the buy of his apartment, but the origin of the money is not usually a black; there are usually personal savings that were in the bank, that is to say, it is possible to justify his origin in case of examination for Treasury Department.