I’m building a closing-cost and ongoing-cost checklist for a London townhouse priced at about £943,800. I already have headings for transfer tax, legal or notary costs, and registration fees, but I’m less clear about ownership restrictions, annual property charges, and how residency status could affect the purchase.
Because this would be outside my home country, I also want to ask a licensed UK professional about capital-gains treatment and inheritance planning rather than assume the rules work as they do at home.
For anyone who has completed a UK transaction, which legitimate cost or obligation was missing from the first estimate? It would be especially helpful to know whether it arose at completion, annually, or on a later sale, and what precise question would have uncovered it earlier.
Because this would be outside my home country, I also want to ask a licensed UK professional about capital-gains treatment and inheritance planning rather than assume the rules work as they do at home.
For anyone who has completed a UK transaction, which legitimate cost or obligation was missing from the first estimate? It would be especially helpful to know whether it arose at completion, annually, or on a later sale, and what precise question would have uncovered it earlier.