Seller’s Estate Agent Fees
I agree to buy a house for £248,000 and to pay the seller’s estate agent fee. The contract for the sale and purchase of the house specifies that I have to pay the seller’s estate agent fee (including VAT) which amounts to £2,500.
The chargeable consideration given for the property is £250,500 (purchase price plus seller’s estate agent fee).
The SDLT due on £250,500 = £2,525.
Here is a breakdown of how the SDLT was calculated:
|Purchase Price Bands (£)||Percentage rate||SDLT due (£)|
|Up to 125,000|
|Above 125,000 and up to 250,000||2||2500|
|Above 250,000 and up to 925,000||5||25|
|Above 925,000 and up to 1,500,000||10|
|Total SDLT due||2525|