Be sure you don’t miss out on the savings from the Land Transaction Tax Break in Wales. Homes are selling fast and achieving record-breaking prices, but there is a problem with the system, and it is only going to get worse!
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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…