The main tax

Items Project

Tax (Fee)

Total count

Stamp duty (Stamp Duty Land Tax)

Up to 12%

Progressively calculated based on house prices:

0-500,000 GBP: 0%

500,001-925,000 GBP: 5%

£925,001-1,500,000: 10%

£1,500,001 or above: 12%

For first-time home buyers from July 8, 2020 to March 31, 2021, the above preferential taxes are available.

*A first time home buyer is defined as an individual who has not owned a home in any country.

If you are not buying a home for the first time, the following tax rates are applicable:

0-500,000 GBP: 3%

500,001-925,000 GBP: 8%

£925,001-1,500,000: 13%

£1,500,001 or more: 15%

The above tax rates are only applicable from July 8, 2020 to March 31, 2021

Legal fees

About £2,500

Handling charges(loan processing fee & valuation fee)

About £700-2,000