STAMP DUTY
EXPLAINED
STAMP DUTY
EXPLAINED
UK Stamp Duty
Land tax explained
UK Stamp Duty / LTT
Land tax explained
In Wales
Stamp Duty In Wales has been replaced by LTT - Land Transaction Tax. LTT is based on the taxrates and bands which were approved by Welsh Parliament and will only apply when you buy a property over £250,000 (Up until June 2021) or it is a second property.
Any property below £250,000 has an LTT rate of 0% meaning you do not have to pay any tax to the government. Any property between £250,000 and £400,000 will incur a 5% tax.
In England
Stamp Duty Land Tax is currently set at a threshold of £500,000 meaning you do not have to pay any tax until you buy a property over that amount. However, this is due to change from July 1st 2021.
From July 2021 the SDLT threshold will be £250,000 for any residential property. Over this amount for the next £675,000 you will incur a 5% SDLT rate. First-time buyers will now see discount (relief applied to this rate) Zero tax for properties under £500,000.
In Wales
Stamp Duty In Wales has been replaced by LTT - Land Transaction Tax. LTT is based on the taxrates and bands which were approved by Welsh Parliament and will only apply when you buy a property over £250,000 (Up until June 2021) or it is a second property.
Any property below £250,000 has an LTT rate of 0% meaning you do not have to pay any tax to the government. Any property between £250,000 and £400,000 will incur a 5% tax.
In England
Stamp Duty Land Tax is currently set at a threshold of £500,000 meaning you do not have to pay any tax until you buy a property over that amount. However, this is due to change from July 1st 2021.
From July 2021 the SDLT threshold will be £250,000 for any residential property. Over this amount for the next £675,000 you will incur a 5% SDLT rate. First-time buyers will now see discount (relief applied to this rate) Zero tax for properties under £500,000.
Don't miss out on our future developments in your area
The Willow
- An impressive 4 Bedroom detached family home
- Rear extension to maximize living
- Open plan family room with large kitchen combined
- Master Bedroom with En-suite
- Large attic room provides a fourth impressive bedroom
- A generous 1288 SQ FT
Don't miss out on our future developments in your area
Price Matters
The Willow
- An impressive 4 Bedroom detached family home
- Tasteful characteristics and rear extension to maximize living
- Provides skylights and plenty of side profile glazing
- A home that is warm, airy and welcoming
- Lounge, Entrance Hall, downstairs WC and handy Utility
- Open plan family room with large kitchen combined
- Master Bedroom with En-suite
- Family bathroom as well as large second bedroom
- Generous third quality sized bedroom
- Large attic room provides a fourth impressive bedroom
- Tasteful characteristics and rear extension to maximize living
- A generous 1288 SQ FT
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Exceptional Quality
Building quality homes since 1996
We have built a solid reputation of building incredibly popular traditional homes across North Wales and the North West. Since 1996 Penrhyn Homes has strived to produce some of the most prestigious family homes for customers of all ages.
Your total satisfaction of your finished family home is incredibly important to us. We build for you from the very start placing your desires, interests and options at the front of our minds when creating your home. Ultimately we want you to feel overjoyed when you eventually move in to your new property.
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