Anyone leasing out a property to a foreigner or local will need to pay a 1% stamp duty when the rent is collected. VAT is payable at 15% if the lease is to a VAT Registered person, other than on residential premises. Further, the sale of land & buildings other than residential premises will also be liable to VAT at 15% on the value.
Getting onto the property ladder can be a big step
We understand how important a decision getting a mortgage is. It’s not just about taking out a mortgage, it’s about getting the keys to your new home, improving the one you’ve got or arranging your finances for the future.