CAP advice on auction guide prices and non-optional charges

The Committee of Advertising Practice (CAP) has issued guidance providing clarity on how auction houses should present mandatory fees and charges when referring to guide prices.

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It's essential that all NAVA Propertymark members read the guidance thoroughly and address any concerns or questions to the CAP copy advice team.

The guidance covers:

  • How should non-optional fees be displayed
  • Do fees need to be VAT inclusive?
  • Fees calculable in advance
  • Fees not calculable in advance
  • Minimum fees
  • VAT on lots
  • What information you need to provide to consumers
  • Fees subsequently levied by vendors
Read the online CAP guidance