Solicitor fee: Including drawing up of contract and seeing the purchase through to completion, approximately £1000.
Stamp Duty: 6% of the valuation levied by the Land Registry Office. You will have the option to be exempt from 3% of the 6% Stamp Duty on any one purchase.
VAT: 5% is payable on new build property only.
Contract Stamp Duty: 0.5% of the purchase price of the property is payable within 21 days of the signing of the contract.
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