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Learn about the
stamp duty (Land Transaction Tax) holiday in Wales

A temporary stamp duty holiday has been announced by the Welsh government to assist homebuyers with the purchase of their new home.

Bellway Homes

What is the stamp duty holiday?

Stamp duty is a fixed sum of money paid to the government upon purchase of freehold property or land. The government has now increased the lower stamp duty threshold from £180,000 to £250,000 for purchases in Wales, saving you up to £2,450 on a home worth £250,000.

Anyone purchasing a property below £250,000 in Wales can now benefit from the stamp duty holiday, meaning both first-time buyers and those moving into a new property are exempt from paying stamp duty until 31st March 2021.

Stamp duty is payable upon completion of the purchase, so those who have exchanged contracts and not yet completed can still benefit from the change. Homebuyers can also continue to take advantage of both Help to Buy and Bellway’s Express Mover scheme (where applicable), while the stamp duty holiday is in place.

How much could you save?

The amount you could save during the stamp duty holiday will depend on the cost of your new home. These examples can give you an idea of how much you could save when purchasing any home valued below the new stamp duty threshold of £250,000. You will still need to pay stamp duty on any home worth more than this, however the amount you pay will be reduced during the stamp duty holiday period. The new threshold will not apply to the purchase of additional properties, such as buy to let or second homes.

If you have further questions regarding the stamp duty holiday or would like to enquire about finding your new Bellway home, our friendly sales team would love to hear from you.

Price tag
£185,000

You could save £175

Price tag
£200,000

You could save £700

Price tag
£250,000

You could save £2,450

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