Buyer’s premium and VAT: what actually hits your bank
10 Mar 2026
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AuctionLand
Two layers
Premium is often a percentage of hammer price. VAT is then applied to that fee (not always to the property price itself on residential resales). Read whether figures quoted are inclusive or exclusive.
On the day
Some auctioneers collect premium plus VAT immediately alongside the deposit; others invoice through solicitors. Know which path your sale uses so cash is in the right account.