Change of Hands

The term change of hands is widely used in connection with real estate to describe the transfer of ownership. In Switzerland, a tax is levied when a property changes hands.

Transactions which qualify as a change of hands include the purchase, exchange, gifting, or inheriting of real estate. All of these transactions require changes to be made in the land registry.

Additionally, property may also exchange hands due to public transactions like the confiscation or forced liquidation of assets.

The sale of shares in real estate companies is an example of a change of hands on a business level.

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