SOF for real estate purchasing

[sriracha]

To what extent buying real estate in Europe (European Union) is liable to produce a request for SOF? If so, when the request would come (before/after) purchase and from whom (bank/police/other government agency)? What would that entail? Proving that money comes from a legitimate source or also proving that taxes have been paid on it? Countries known to be stricter on this?

Asking for a friend.

 

[daniels27]

To what extent buying real estate in Europe (European Union) is liable to produce a request for SOF? If so, when the request would come (before/after) purchase and from whom (bank/police/other government agency)? What would that entail? Proving that money comes from a legitimate source or also proving that taxes have been paid on it? Countries known to be stricter on this?

Asking for a friend.

It depends a bit on the country. In some countries, you pay to the notary while in others you pay to the seller. Of course you own bank will ask for the source of funds. But also the notary may ask a question in case the whole story sounds fishy. Also note that many agents will ask for a proof of funds when making an offer. You may have to show something there.

And then depending on the country, you will have to file a tax return. If your wealth was 50k and suddenly includes a 5m mansion, they will ask questions.

 

[JohnnyDoe]

Some countries, like Greece, are smart enough to first take the money and then ask for a reason why they should not confiscate your property and put you in prison.
Remember, in the EUSSR you are guilty until proven otherwise.