If the sale is conducted digitally, what is considered to be the date when the contract is signed?

The purchase of property may be conducted digitally so that all parties sign the deed of sale digitally at different times. In these cases, the deed of sale is considered to enter into effect when the final signature is added. The date of the final signature is entered on the transfer tax return as the date when the deed of sale or other transfer agreement was signed.

In the amended act on transfer tax, the date of the final signature also determines which transfer tax rate is applied and whether the first-time homebuyer’s transfer tax exemption applies.