New homes carry VAT at 13.5%, and stamp duty is charged on the price before VAT. That works slightly in your favour.
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This is a guide to the current rates, not advice on your transaction. Rates change in the Finance Act each year. A higher rate applies where ten or more houses are bought in a twelve month period, and different treatment applies to site purchases, to shares in a company holding property, and to gifts and transfers between relatives. We will confirm the figure on your own deed in writing.
Now add the rest of the costs↗Not on the mortgage, and not on the booking deposit. The return is filed after closing and the money is paid then.
A genuine, reasonable price for furniture is not part of the price of the house. Inflating it is not an option.
Stamp duty on a new house is charged on the price before VAT, so the figure is lower than the headline price suggests.
Buying a site and building on it is treated on its own terms. Ask us before you sign anything on a site.