Estate agents and solicitors vat rates

Discussion in 'Mortgages and buying and selling homes' started by G2007, Feb 14, 2007.

  1. G2007

    G2007 Registered User

    Posts:
    36
    Why do estate agents charge a vat rate of 21% when they just provide a service? I thought it should be 13.5%??
    Also, what is the vat rate for solicitors on buying a new build and selling in the same transaction?
    Many thanks in advance
     
  2. ubiquitous

    ubiquitous Frequent Poster

    Posts:
    3,772
    ...Because they are compelled to do so by VAT legislation. The VAT rate on professional services including all legal fees is 21%.