Just a thought , anyone here actually SOLD their land/house , if so
1. Is there a 4% land tax that has to be paid for those with a hard title
2. If you sell , let's say over $20,000 and the buyer gives all cash , is there a charge fee of getting the bank to count the money n checking for fake notes etc lol ..as it seems Khmers tend to pay in cash
Can anyone who's been through the selling process shed some light
Thanks in advance
SELLING land
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I haven't, but the title transfer tax is 4% of the 'market value' of the property. I don't believe banks charge to count/check the money, so long as you're depositing the money with them. Those machines can count very fast.Greentrees wrote:Just a thought , anyone here actually SOLD their land/house , if so
1. Is there a 4% land tax that has to be paid for those with a hard title
2. If you sell , let's say over $20,000 and the buyer gives all cash , is there a charge fee of getting the bank to count the money n checking for fake notes etc lol ..as it seems Khmers tend to pay in cash
Can anyone who's been through the selling process shed some light
Thanks in advance
Useful info here: http://www.sihanoukvillerealestate.com/ ... -title.php
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Banks don't charge for counting money and checking for fakes. Think about it: if you rock up to a bank and give them a wad of cash, are they just going to take it from you without counting it or checking the bills? *confused*
The easiest is to have the buyer accompany the seller to his or her bank.
The easiest is to have the buyer accompany the seller to his or her bank.
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