![Huge Changes to Stamp Duty in Wales Announced](/-/media/barratt-article-pages/wp-content/uploads/2017/11/huge-changes-to-stamp-duty-in-wales-announced.jpg?w=100&hash=FE33EE67D686733D144E6593F6A60C38| /-/media/barratt-article-pages/wp-content/uploads/2017/11/huge-changes-to-stamp-duty-in-wales-announced.jpg?w=200&hash=6552A12756344B9A4ABA21E493EE750E| /-/media/barratt-article-pages/wp-content/uploads/2017/11/huge-changes-to-stamp-duty-in-wales-announced.jpg?w=300&hash=3987C924F291BE90D21522B6D54DA00A| /-/media/barratt-article-pages/wp-content/uploads/2017/11/huge-changes-to-stamp-duty-in-wales-announced.jpg?w=400&hash=8AA9F0A1A64D1850755E09E5F04761E2| /-/media/barratt-article-pages/wp-content/uploads/2017/11/huge-changes-to-stamp-duty-in-wales-announced.jpg?w=500&hash=D7B7032C768B70846342BAF0C7AE40C5| /-/media/barratt-article-pages/wp-content/uploads/2017/11/huge-changes-to-stamp-duty-in-wales-announced.jpg?w=600&hash=D7429416F7D4FF5F8FB77F2F4124D5D9| /-/media/barratt-article-pages/wp-content/uploads/2017/11/huge-changes-to-stamp-duty-in-wales-announced.jpg?w=700&hash=F1E3F003D047ABE0C474F851F7B87452| /-/media/barratt-article-pages/wp-content/uploads/2017/11/huge-changes-to-stamp-duty-in-wales-announced.jpg?w=800&hash=F1B9E617FF8546CF85945E70A93B01B2| /-/media/barratt-article-pages/wp-content/uploads/2017/11/huge-changes-to-stamp-duty-in-wales-announced.jpg?w=900&hash=46B7DE90A44C0D31559F7BF9B25AA171| /-/media/barratt-article-pages/wp-content/uploads/2017/11/huge-changes-to-stamp-duty-in-wales-announced.jpg?w=1000&hash=6E1D1C513F64BC0E6EB777CCA4565A8E| /-/media/barratt-article-pages/wp-content/uploads/2017/11/huge-changes-to-stamp-duty-in-wales-announced.jpg?w=1100&hash=587FC1ABE651308E024CF8B8331A6286| /-/media/barratt-article-pages/wp-content/uploads/2017/11/huge-changes-to-stamp-duty-in-wales-announced.jpg?w=1200&hash=138AA3579C934CD182B3C4D1EB8AFC37)
The Government has announced changes to the Stamp Duty payable by homebuyers in Wales.
The changes break down as follows:
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In Wales, Land Transaction Tax will replace Stamp Duty Land Tax in what is the first Welsh-only tax in almost 800 years.
The changes also mean that some homebuyers in Wales – those paying more than £400,000 – will pay more than their counterparts in England.
For example, someone buying a £500,000 home in Wales will pay £17,500 in Stamp Duty, compared with £15,000 in England.
It is homes worth over £750,000 that the Stamp Duty is really set to climb in Wales, to 10%. Properties above £1.5m will attract a new rate of 12%.
However, buyers of homes worth under £250,000 will pay up to £500 less in Stamp Duty, and those buying at up to £150,000 will escape the tax altogether.
The changes are due to come into effect from April 2018.