Automobiles property can be registered by the sellers … – Business Journal – Portugal

cars Property can be registered by the sellers from next week

The law solves the problem of who sold the car but the buyer does not established the record and, therefore, continued to be the legal owner, receiving notifications of fines or taxes (Single Circulation Tax – IUC) to pay.
  

Starting next week, the vehicle registration will be able to be done by the seller, based on documents that indicate the actual sale and purchase of the vehicle, according to a diploma published today.

The law solves the problem of who sold the car but the buyer did not make the record and, therefore, continued to be the legal owner, receiving notifications of fines or taxes (Single Tax Circulation -. IUC) to pay

The law now allows the registration based on what he calls a verbal contract, provided that the seller has in its possession documents showing the sale of the car, such as invoices, receipts or cash sales, and stating the registration of the vehicle, the name and address of the seller and buyer.

“The application for registration can also be based on a statement given by the seller, setting out whether the largest possible number of factors, including the name and address of the purchaser and the date of purchase and sale “of the vehicle, adds the Ministry of Justice in Decree-Law published today, pointing out that the ‘stands’ cars are excluded from benefit this possibility.

The new law also allows the seller can do this log online and caveat that this form of property registration does not give rise to the unofficial issuing registration certificate.

In the conservatory racing after notifying the purchaser, who may object to the registration made by the seller or contest / complete this information.

If conservative make the decision not to register the ownership of the vehicle, the service Registry may ask the competent authorities to promote the seizure of the vehicle.

The application for registration will cost 75 euros (or 40 euros for sales until December 31, 2013 and registration required until December 31, 2015) while the registration certificate issued at the request of the holder will cost 95 euros, but these values ​​are reduced by 15% if the application is made electronically.