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Comment by dogma1138

There are council taxes which are payed yearly (usually in monthly installments) depending on the value of the property these taxes average over a 1000 GBP a year for residential properties, (there are different schemes for businesses properties and agricultural land).

There is also a registration (stamp) tax any time you want to register a property in your name, these start on properties higher than 125K GBP however you would be very hard pressed to find anything beyond a parking space or a storage lot for that low in the UK.

On average when you purchase a property you will pay about 4% of it's value in tax.

So saying that there isn't a property tax in the UK is a bit of a stretch.

parent dogma1138 9 years ago

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