Often in the notarial deed payments are made between the parties . This not only in deeds of sale, but also in other types of deed for consideration, where an exchange of fees between the parties is required. It can also be a corporate deed, where the shareholders have to pay their contributions in cash to the company https://www.fasthousebuyerstx.com/
Well, in recent years the use of cash has greatly decreased, especially due to the application of the so-called anti- money laundering discipline . We try to circulate as little cash as possible, to avoid the circulation of that used for money laundering purposes.
Precisely for this reason the Notary uses a series of guarantees, designed to comply with these rules and also to verify the origin of the money. Also for this reason, in recent years the Notary has the parties sign a declaration in which the parties who have made a payment in the deed must declare the origin of the money (whether from work, donations or other).
LIMITS OF CASH PAYMENTS
The cash limit in 2021 was € 2,000.00. This means that it is possible to use cash , for any payment, even in the context of a notarial deed , up to € 1,999.00. Starting from January 2022, this limit is lowered further, so that in the new notarial deeds it will be possible to pay in cash only up to 1,000 euros. The tightening is due to the greater fiscal controls that are always required in application of the aforementioned anti- money laundering regulations , in addition to the need to carry out tax controls on all fronts.
For this reason, the two most popular means of payment are the bank transfer and bank draft. If you want to deliver a real credit note on the day of the deed, you can use the cashier’s check, which is safe and can be payable by the person who receives it at any bank. The transfer requires a payment made slightly in advance, in order to be able to present the day of the deed with the payment already made; but let’s see in detail how to proceed.