Property tax

Property tax advice

Buying a home is a big commitment and it isn't only the mortgage repayments you will have to think about. There are also things like property tax, furnishing and redecorating costs to think of. Irwin Mitchell is one of the UK's leading law firms, with a specialist arm dedicated to property law in the UK.

Property tax and property law in the UK

There are a number of additional costs on top of the purchase price of your new home. As well as legal costs, property law in the UK means there is also a property tax called stamp duty must be paid on all properties over a certain price threshold.

Local searches will also have to be made and if you have a leasehold property, you may have to pay ground rent to the freeholder.

Legal costs and property tax are part of the house-buying process. If you would like an estimate of the costs you are likely to incur when buying or selling a property, we will gladly provide them.

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