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I’ve not seen this before in Spain but know of some developers using it in Bulgaria, they call it the Advanced Notary Deed and from what I can gather it’s done over there because of some kind of tax loop hole whereby the builder/developer only pays tax on the 25 % and then in effect “SELLS” the property.

The developer then issues a new contract to the buyer , so that in effect the buyer then pays the builder to “finish” the property.

This loop hole in BG tax law only applies up to the point of roof stage payment or 50%.