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When i buy a flat in UK - will i need to pay tax ?

it's 100% mortgage based purchase so if i need to pay tax, what is the point ? to make my situation more misearable as i will need to increase my mortgage (or have no flat at all to live in if i choose so?)

Stamp duty tax may be payable on your purchase but this depends on how much you are buying your flat for:

If under 拢125,000 no tax is payable
Over 拢125,000-拢250,000 taxed at 1% of purchase price, etc.

This will be paid in addition to your purchase and it doesn't matter whether or not you are buying with a 100% mortgage. There would also be solicitors' fees, disbursements and you may have to also pay around 5-10% deposit on your purchase (the later you can get back from your mortgage lenders when you complete)

Council tax yes
Tax itself is on almost everything minus digestive biscuits.

That depends on the price of the flat.

Houses and flats over 拢120,000 are subject to a tax called stamp duty.

From property costing between 拢120,000 to 拢250,000 the amount is 1% of the property value. Over 拢250,000 it's 3% of the property value.

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