Expanse - UK

Taxes and Fees

Stamp Duty

PriceStandard ratebuy-to-let/second home rate
£0 – £250,0000%3%
£250,001 – £925,0005%8%
£925,001 – £1.5m10%13%
over £1.5m12%15%

*Source: https://www.gov.uk/stamp-duty-land-tax/residential-property-rates

*Stamp duty changes with the UK policy, please refer to the above website.

Lawyer Fee

Around £2,500(including third party fees)

Surveyor Fee

Around £540(tax included)

Agency Fee

Annual Cost

Income Tax

Profits earned from rental units are subject to personal income tax. The tax rate is generally 20% of income. UK passport holders can enjoy a tax exemption of £12,500.

Ground Rent

Leasehold property needs to pay ground rent to the land holder.

The ground rent of each property is different, and it will be specified in the sales contract.

Generally, the annual ground rent of a new building is £150-350.

Council Tax

The tax rate is set by the local municipality and is paid by the tenant if the unit is rented out, or by the owner if occupied/vacant.

Listed Building

Buildings with important historical value, although they can be used as residences, need to be approved by the planning department when they are remodeled.

Service Charge

If the property is an apartment, the owner pays the management fee. The fee will be used for daily management, maintenance of public facilities, etc.

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