Sell your property

Register the value of the inheritance as close to the market value as possible. A wrong choice to understate the value can be costly later.

Stamp duty is currently low:

• 0,25% - for spouse and next of kin
• 0.5-5% - other heirs (depending on degree of kinship)

Why is this important?

If an inheritance is under-registered but later sold at market price, a capital gains tax of 25.5% will be due on the difference.

If you list the property for €50,000 but sell it for €100,000, you will have to pay tax on the difference (€12,750).

Recommendation:

Why is a document check the first step before buying a property?

When buying a property, a document check is not just a recommended step - it is a must to protect yourself from legal and financial risks. By carefully assessing the documentation before the transaction is concluded, you can avoid unpleasant surprises and unnecessary expenses in the future.

What to do if documents are missing?

Unfortunately, property documents can be incomplete, damaged or not available at all. In this situation, you should not rush into a decision. Remember, buying a property without full documentation is like "buying a cat in a bag".

Fortunately, there is State Land Service Archives - a reliable resource where you can find documents on almost any property. You can get property plans, inventory files and other relevant information about the history of a property.

How do I access documents?

To order the documents you need:

1. Visit www.kadastrs.lv

2. Log in using eSignature or internet banking

3. Find your property and choose the documents you want to receive

4. Order them electronically - easy and convenient

This is a small but important step towards a safe and sound property purchase.

Watch and learn - a step-by-step video guide

We have prepared informative video, which clearly and comprehensibly shows how to search for and order documents from the State Land Service Archives. Take a look, learn and make decisions with confidence - because a knowledgeable buyer is always one step ahead.

See video

Pārdodlaimīgs.lv is designed for you - to make every real estate transaction simple, safe and transparent.

When buying or selling property, the Land Register is the key document. But many people still have their old, paper Land Register in their folders. In most cases, they do not reflect the true information about the property.

Why?

Land registry entries change regularly - ownership changes, mortgages, maintenance contracts, etc. all affect the data.

How to do it right?

Take a look at www.zemesgramata.lv and use only up-to-date information:

• Available free of charge to owners in "My properties"
• Others - only EUR 5.20

Paper Land Register = history only

It no longer reflects the property's current status.

Tip:

Always check your data online and make decisions based on reliable information.

See video

Buying property in the name of a minor child is becoming increasingly popular among parents and investors who are thinking long-term. Such a transaction is possible, but there are clear legal procedures in Latvia to protect the child's interests.

As a real estate law firm representing the interests of sellers, we regularly deal with such transactions and ensure that the property sale process is fair, transparent and legally sound for all parties involved.

Is it possible to buy property in the name of a minor child?

Yes - it is possible to buy property in your child's name, but only with the permission of the orphanage court. The orphanage court assesses each situation individually, making sure that the purchase is in the best interests of the child.

1. orphanage court's opinion on the representation of the child

The first step is a statement from the orphanage court certifying that the parent or guardian is entitled to officially represent the minor child in the real estate transaction.

2. Application to purchase property in the name of the child

A formal application is made to the Orphans' Court requesting permission to purchase a specific property on behalf of the child. The application states the purpose of the transaction and the reasons for it.

3. Assessing the transaction in the best interests of the child

The Orphanage Court assesses:

• type of property (flat, house, land)
• the terms of the transaction,
• whether the purchase puts the child at financial risk in the future.

In the event of a positive decision, an official decision of the orphanage court is drawn up, authorising the purchase of the property.

4. Notarial process for selling the property

With the decision of the orphanage court and the purchase contract, the parties go to a notary, where the property is alienated and registered in the Land Register.

Important:
The minor child does not have to appear before the orphanage court or a notary - all the conditions are clearly laid down in the orphanage court's decision.

5. Orphanage supervision until the child reaches the age of majority

After the transaction, the orphanage court supervises the property until the child reaches the age of 18.
The responsible person must ensure that:

• the property is debt-free,
• the property is properly managed,
• the value of the property is not reduced.

6. Adulthood and full ownership

At the age of 18, a young person becomes a full owner and can freely dispose of the property - live in it, rent it out or sell it.

See video