Article Author Mark

The Stamp Duty “holiday” explained for Wales (or Land Transaction Tax Break)

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Rishi Sunak recently announced his plans for a stamp duty “holiday” to help rebuild the nation’s economy after lockdown, as a temporary measure intended to stimulate the housing market, in parallel with this the Welsh Government has announced a break on the tax paid on house sales for homes worth less than £250,000 until March 31, 2021 (this change in the rules will not apply to second homes or buy to let properties).  Wales refers to the land tax…

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