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St James' Gardens in Wick


Housebuilder urges buyers to act now and save - ahead of forthcoming Stamp Duty changes in Wales


Homebuyers seeking larger properties in South Wales are in a race against time to avoid higher tax rates, with changes to Stamp Duty set to begin next April. With a range of spacious properties to offer across the region, David Wilson Homes is urging potential new owners to buy now and save thousands.


“Huge changes to the amount of Stamp Duty house buyers must pay for homes in Wales will come into effect on 1 April 2018,” said David Wilson Homes sales director, Richard Lawson. “In fact, Stamp Duty will become Land Transaction Tax in the first Welsh-only tax in almost 800 years.


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“Buyers with their hearts set on larger homes - worth more than £400,000 - will pay significantly more than their counterparts in England. So we’re offering people the chance to side step the increase and save money by purchasing now. And we have an exciting selection of spacious new homes across South Wales from which to choose.” Larger homes are currently available at several David Wilson Homes developments - including The Rise@Ocean View in Ogmore- by-Sea, St James’ Gardens in Wick, Manor Park in Penarth and King’s Wood Gate in Monmouth.


“The transition to Land Transaction Tax will


see those buying a £500,000 in Wales pay £17,500, compared with £15,000 in England. And the tax on a £750,000 house will be £36,250 - a whopping £8,750 more than buyers in England will pay for an equivalent property.


“Our selection of four and five bedroom homes is already in great demand,” added Richard. “So I urge buyers to visit us soon for the chance to put down roots at one of our exciting developments and save money at the same time.” For more information about the availability of larger homes, please call 0844 5710 385 or visit dwh.co.uk


New Homes Wales and the South West


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