The developers of the law believe that the “notoriously low” price can be called in if it differs by 20-30% of the cadastral value of the object. Recall that the cadastral value today is as close to a market.
So if an object with the cadastral value of 7 000 000 dollars according to the contract was purchased for 4 $ 500,000 , the buyer will have to pay tax. To count his plan from the difference cadastral and actual figures. In our case it is 2 500 000 dollars and, accordingly, $ 325,000 in the form of tax deductions.
Lawmakers expect that buyers because of the presence of additional spending, just will not communicate with sellers that are trying to avoid taxes and to impose its conditions of the contract. Well, if you accept these conditions, compensate the Treasury tax losses out of pocket.
At the moment this legislative product only passes through the stage of improvements, and when he will be on the tables of deputies, is still unknown. Experts, however, are skeptical and say that such a strange proposal is unlikely to be supported.