| Price | Standard rate | buy-to-let/second home rate |
|---|---|---|
| £0 – £250,000 | 0% | 3% |
| £250,001 – £925,000 | 5% | 8% |
| £925,001 – £1.5m | 10% | 13% |
| over £1.5m | 12% | 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.
Around £2,500（including third party fees）
Around £540 (tax included)
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.
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.
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.
Buildings with important historical value, although they can be used as residences, need to be approved by the planning department when they are remodeled.
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.