After paying for the property, commission of 1% of the purchase goes to the property agent. The seller pays the same. Buyers must also a pay stamp duty, calculated on the value of the property and usually between 0.75% and 3.75%. The Capital Gains tax is paid at this time and then after a year of owning your property.

Other expenses could include legal fees, renovation costs if necessary and if you have consulted engineers or architects to evaluate the property before you bought it. You will also be paying your solicitor for services during the transaction.