Will I need to have an EPC conducted?

Most properties that are sold at auction will need to have an EPC conducted before being sold if there isn’t already one in place, however there are exemptions. These include: places of worship, temporary buildings that will be used for less than 2 years, stand-alone buildings with total useful floor space of less than 50 square metres, industrial sites, workshops and non-residential agricultural buildings that don’t use a lot of energy, some buildings that are due to be demolished, holiday accommodation that’s rented out for less than 4 months a year or is let under a licence to occupy, listed buildings (you should get advice from your local authority conservation officer if the work would alter the building’s character) and residential buildings intended to be used less than 4 months a year. If you’re unsure if your property falls under any of these categories, we recommend consulting your solicitor.

Do I have to pay Stamp Duty?

It is always the buyer and not the seller who pays Stamp Duty on a property purchase, so you will not have to consider this if you’re looking to sell your property at auction.

Do I have to pay Capital Gains Tax?

Capital Gains Tax is paid when you sell property that is either not your main home or your main home if it’s been let out, used for business purposes or very large (more than 5,000 square metres in total). If you’re unsure about whether or not this applies to you, we recommend consulting your solicitor.

How long does completion take?

Completion dates vary, but they tend to be around 20 business days. If you have a specific time frame in mind, then please let us know prior to the sale so that we can recommend the best method of sale for you and your property.