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Land Transaction Tax

Land Transaction Tax (LTT) is payable on land and property transactions in Wales from 1 April 2018. Prior to 1 April 2018 SDLT applied in Wales.

LTT (Residential property)

Consideration (£) Rate
0 - 180,000 0%
180,001 - 250,000 3.5%
250,001 - 400,000 5%
400,001 - 750,000 7.5%
750,001 - 1,500,000 10%
1,500,000 and above 12%

The rates apply to the portion of the total value which falls within each band. Rates may be increased by 3% where further residential properties, costing over £40,000, are acquired.

LTT (Non-residential)

Consideration (£) Rate
0 - 150,000 Nil
150,001 - 250,000 1%
250,001 - 1,000,000 5%
Over 1,000,000 6%

The rates apply to the portion of the total value which falls within each band.

Back to menu of allowances and rates

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