TONYKO - Who is paying the taxes when transferring the title of ownership ?

Who is paying the taxes when transferring the title of ownership ?

Who is paying the taxes when transferring the title of ownership ? Art. 186 of the Obligations and Contracts Law states that: „ Expenses on contracts and other expenses related to the transferring of title of ownership are on the expense of the Buyer, except when the parties reached an understanding to split then evenly." This is the legal norm, that regulates how are the expenses related to transferring the title of ownership distributed among the parties. But one should bear in mind that this regulation is not absolute and allows certain deviations from the rule. In reality the most common practice is splitting the fees and taxes evenly among the Seller and the Buyer, but often there are cases, when all fees and taxes are on the expense of either the Seller or the Buyer. Each case is individual and is a matter of negotiation and personal understanding between the parties