Tag: duty

Coronavirus: What does the stamp duty holiday mean for Wales?

Image copyright Getty Images Image caption Calls have been made for the Welsh Government to introduce a similar scheme in Wales to reduce Land Transaction Tax Could house buyers in Wales soon be looking for properties over the border following Chancellor Rishi Sunak’s stamp duty holiday announcement? A temporary holiday on stamp duty has been granted for the first £500,000… Read more →

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Stamp duty holiday: The winners and the losers

Image copyright Sally Stuart Image caption Mike and Sally Stuart are full of joy after saving £8,000 on stamp duty “When I found out that we were going to have a stamp duty holiday, I jumped for joy,” says Sally Stuart. The Salford-based university lecturer reckons the chancellor’s announcement on Wednesday will save her and her husband about £8,000. “We’re… Read more →

How would a stamp duty holiday work?

Image copyright Getty Images The chancellor is likely to announce changes to stamp duty on Wednesday to help cut costs for anyone buying a home. Reports suggest that the level at which the tax is charged could be temporarily raised to £500,000 to boost the property market and help buyers struggling because of the coronavirus crisis. What is stamp duty?… Read more →