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

    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

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