Taxes, visa for apartment received as a gift
Shukur Allahverdiyev asks:
My nephew was given an apartment in Riga. What I have to do for design what taxes should I pay and can I travel with my wife as guests in my apartment? I am a citizen of the Russian Federation. Thank you!
Expert answers (2)
(ART Balt`s Estate)
Shukur Allahverdiyev, good afternoon!
A lawyer will help you professionally to renew the ownership of the donated property. It can be arranged as a proxy without your presence in Latvia, and in your personal presence. In both cases, the re-registration will be organized through a notary.
On the expenditure is the following:
- The work of a notary - about 50 EUR
- In the case of gift tax will amount to 2% of the cadastral value of the property, I will be able to calculate the exact amount you received from your documents in the apartment (an extract from the Land Registry), or inform the property cadastre number;
- Translation of the power of attorney to the Latvian language and notarial certification of the translation - about 50-60 EUR;
- Working lawyer 400-600 EUR (depending on the current legal status of real estate).
After the entry into the property right you, your spouse and your children under the age of 18 can receive multiple Schengen visas for a term of years up to 4 years with subsequent re-issuance of visas without any restrictions.
A lawyer will help you professionally to renew the ownership of the donated property. It can be arranged as a proxy without your presence in Latvia, and in your personal presence. In both cases, the re-registration will be organized through a notary.
On the expenditure is the following:
- The work of a notary - about 50 EUR
- In the case of gift tax will amount to 2% of the cadastral value of the property, I will be able to calculate the exact amount you received from your documents in the apartment (an extract from the Land Registry), or inform the property cadastre number;
- Translation of the power of attorney to the Latvian language and notarial certification of the translation - about 50-60 EUR;
- Working lawyer 400-600 EUR (depending on the current legal status of real estate).
After the entry into the property right you, your spouse and your children under the age of 18 can receive multiple Schengen visas for a term of years up to 4 years with subsequent re-issuance of visas without any restrictions.
23.12.2015
(Distant Property)
Shukur, good day. You can freely visit with his wife in an apartment. Question what is the cost of the apartment in Latvia you may receive a residence permit. With this issue, taxes and registration it is best to contact the Embassy/Consulate of Latvia in Russia, there are lawyers and they will help You with all the subtleties, because the law is constantly changing and the most reliable way to do this is to go to the lawyers of the country in which the purchase/donation
23.12.2015
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