Now is a great time to buy one of our new homes and potentially save thousands of pounds thanks to the stamp duty holiday...
Now is a great time to buy one of our new homes and potentially save thousands of pounds thanks to the stamp duty holiday. Stamp Duty Land Tax (in England) and Land Transaction Tax (in Wales) are the taxes payable to the Government on completion on your property purchase and are calculated as a percentage of the property’s value. There are also variations in amounts payable if you’re a first time buyer or already own one or more properties.
What does the holiday mean for you? How much you will save depends on the value of the house you are buying and where you are buying it, but the vast majority of Anwyl customers will pay no stamp duty at all on their new home.
If you’re buying in England: Following the Government’s announcement, homes priced up to £500,000 in England are now exempt from Stamp Duty Land Tax if you complete before April 1
st, 2021. Those purchasing additional properties will also benefit from the tax cut, but will still pay the 3% Stamp Duty surcharge, which applies to buy to let homes and second homes
If you’re buying in Wales: The Welsh Government has announced that all homes priced up to £250,000 in Wales are exempt from Land Transaction Tax for completions before April 1
st, 2021. The new exemption threshold will not apply to the purchase of additional properties such as buy to lets or second homes in Wales; they will be subject to the usual rates. Once the holidays end, the thresholds will return to their former levels and taxes will once again apply on homes above £125,000 in England and above £180,000 in Wales. Please note, Stamp Duty Land Tax and Land Transaction Tax is only available on selected plots and selected Anwyl developments. Please speak to Homes Advisor for full availability details.
