SWITCHED on buyers who purchase a new home now could save substantially by beating new tax rules.
The new financial year, starting April 1, will see Land Transaction Tax replace Stamp Duty Land Tax in Wales – the first Welsh only tax for almost 800 years.
With the new rules just a few months away from being introduced Edenstone Homes is helping to educate home buyers at The Green in Crickhowell; Wedgwood Park, Abergavenny and Llanfair Meadow, Aberthin.
Andrea Nippe, sales director for Edenstone Homes, explains: “Time really is of the essence for people buying a home in Wales for that matter. The current Stamp Duty rate for properties priced between £400,000 and £925,000 is lower than the Land Transaction Tax will be for a home of the same value and so by taking swift action and buying now, savvy buyers have the potential to save thousands.”
Edenstone calculates that its customers could save between £350 and almost £7,000 if they complete the purchase of a new home before April 1.
Between the three developments, Edenstone offers buyers a good choice of two, three and four-bedroom homes, with prices from £375,000.
