Why to Avoid Tax Evasion > Risk of being paid very low compensation in case of nationalisation
Are you a tax evader?
Can the financial penalties charged on a tax evader be amnestied? How?
The principal term of the financial penalty and interests charged on a tax evader
Risk of paying much more personal income tax in case of a sale
Risk of being paid very low compensation in case of nationalisation
Risk of re-mortgaging your property at a lower value
Risk of being involved in an anti-money laundering activity
Risk of being included in the black lists of financial organisations
Other important points
Sometimes municipalities may rarely introduce slight changes in the city-development-plans. For example, they may enlarge the width of streets and this may cause municipalities to seize some parts of private properties. In that case, pursuant to the relevant laws, municipalities are to pay a compensation fee to the property owners in question. The compensation is somehow linked to the value shown on the TAPU.