The Welsh government has extended the stamp duty holiday until 30 June in Wales, in line with Chancellor Rishi Sunak’s announcement for England during the Budget.
The Welsh government has extended the stamp duty holiday until 30 June in Wales, in line with Chancellor Rishi Sunak’s announcement for England during the Budget.
The first £250,000 of the price paid for a residential property in Wales will continue to be free from Welsh stamp duty.
For transactions completing on or after 1st July, the £250,000 threshold will revert to £180,000.
However, the holiday in Wales will not offer a tapered return like in England.
Sunak revealed that in order to “smooth the transition back to normal,” the nil rate band would be reduced to £250,000 until the end of September, only returning to the usual level of £125,000 from 1 October.
Sunak said: “The cut in stamp duty has helped hundreds of thousands of people in buying a home.
“Due to the sheer volume of transactions, many new purchases will not complete in time for the end of March.”
