Introduction of Tax Policy in Birmingham, UK

Birmingham is one of the best cities in Britain, with perfect economic capacity and good investment space. I'm here to sort out the introduction of tax policy in Birmingham, England.

I. Overview

Now more and more people will choose to invest in Birmingham. Generally speaking, buying a house means buying a property. In addition to the property tax, other taxes and fees need to be paid.

Two, Birmingham tax policy analysis, mainly from the following tax aspects to reflect:

Stamp duty is a very important tax in Britain, and Birmingham is no exception. Because the stamp duty of each city is different, according to the assets purchased, the high value of the property means the high amount of stamp duty paid, and the low stamp duty means the low value of the property. As an investment immigrant, the stamp duty on general purchases is around 4%, which needs to be between 6,543.8+0,000 pounds, and the real estate over 2 million pounds only needs 654.38+0.5%.

② Value-added tax. Almost all houses will have VAT, and Birmingham is no exception. As for the value-added tax in Birmingham, because everyone's specific area and property type are different, the value-added tax can only be undertaken by lawyers.

③ Municipal property tax. After this is used in ordinary houses, the taxes and fees that need to be paid for life are generally between 900 and 3,000 pounds.

(4) Personal income tax, with a step-by-step tax rate according to different incomes.