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Taxes payable for transfer of title deeds

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michelle3012


Joined: 07/11/2008
Posts: 578

Message Posted:
29/05/2010 20:56

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Message 1 of 3 in Discussion

What would be the current fees/taxes/vat etc payable on a new build costing £30k?



sunnyday


Joined: 14/03/2008
Posts: 269

Message Posted:
29/05/2010 21:06

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Message 2 of 3 in Discussion

Vat is 5% of the contract price. Transfer tax is currently 3% of contract price for a first purchase, but this is paid in TL at a rate decided by the tax office.



cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
29/05/2010 23:14

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Message 3 of 3 in Discussion

Details here - http://nmplegal.com/pdf/GUIDE%20TO%20TAXES%20FOR%20PROPERTY%20TRANSACTIONS.pdf



Cooper



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