VAT hike set to hit home buyers (From The Oxford Times)
When It Happens Panel Get involved: send your photos, videos, news & views by texting 'OXFORD NEWS' to 80360 or email
VAT hike set to hit home buyers
11:25am Friday 20th August 2010
Potential home buyers are being urged to move before the hike in VAT kicks in next January.
Experts at Connells estate agency in Hanwell Fields and Banbury say the tax rise is set to increase moving costs including legal fees, Energy Performance Certificates and some surveys.
Robert West, branch manager for Connell's at Hanwell Fields, near Banbury, said: "The upcoming two and a half per cent VAT rise will make moving more expensive.
"As well as initial costs like solicitors’ fees and surveys, buyers need to think about things like the cost of furnishing and decorating their new home.
"All these will go up in price as a result of higher VAT.”
In this section
- Events lay on experts for first time buyers
- Property Live
- County house prices rise again
- Oxford lettings agency wins national award
- Banbury agent shortlisted for national award
- Central north Oxford house given the Blenheim touch
- County house prices rise slightly
- Martin & Co plays it SAFE
- Oxon trio in leaguie table of £1m+ properties for sale
- Showhome opens at Kingsmere in Bicester
Local Information
Enter your postcode, town or place name
