Blog Post

Many homes exempt from property tax

TomS - Head Tom Simper Jun 27, 2023, 12:00 PM

In the past year more than 60% of homes in Wales and nearly half (48%) of homes in England (excluding London) bought by home movers have been exempt from property taxation.

In Wales more than 90% of all 1-bed and 2-bed apartments sold for below the £225,000 threshold for Land Transaction Tax. In England the proportions sold for below the £250,000 Stamp Duty Land Tax threshold were 92% and 77% respectively.

Likewise, close to three in every four 3-bed houses in Wales and over half in England sold for below the price thresholds for taxation.

At £425,000, the threshold for first-time buyers in England (excluding London) is even higher. 80% of all homes sold in the past year have been beneath this threshold: 96% of all apartments and 80% of all terraced homes. Source: Dataloft, Land Registry, DLUHC, properties sold in the year to end of April, based on the purchase of a primary residence, England excludes London.

Leave a comment
Newest on top Oldest on top
Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"I had a viewing with Abbey, so lovely and friendly"

- Amy

"Excellent service, quick to find tenants and organising final checks, no complaints so far!"

- Steve

"Sold a property, and Gill was amazing throughout the process!"

- Rachel

"Abbey was very friendly and helpful"

- Sandra

"I deeply appreciate Peter Anthony Estate, especially Abbey, who works here."

- Delar

"Dewi kept us up to date & was very understanding of my Mum's situation. I would highly recommend selling with this company."

- Jane

"nothing written"

- Nadeeka Edirisinghalage

"Keep it up the good work. I thank you very much"

- Richard