Costs typically include:
- The initial purchase cost (for a freehold) or lease premium (for a lease).
- Stamp Duty Land Tax and Land Registry fees (see 5).
- Professional costs for your solicitor and surveyor.
- Any initial alterations, fitting out and so on.
- Prepayment of initial rental (for leased premises).
- Prepayment of some other annual costs such as insurance (see 4).
VAT may be payable (see 6).
