Land Transaction Tax (LTT) is payable on land and property transactions in Wales.
LTT (Residential property)
| Consideration (£) | Rate |
|---|---|
| 0 - 250,000 | 0% |
| 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 apply from 27 July 2020 to 31 March 2021.
Higher residential tax rates
Higher residential rates may apply when you already own one or more residential properties.
| Consideration (£) | Rate |
|---|---|
| 0 - 180,000 | 3% |
| 180,001 - 250,000 | 6.5% |
| 250,001 - 400,000 | 8% |
| 400,001 - 750,000 | 10.5% |
| 750,001 - 1,500,000 | 13% |
| 1,500,000 and above | 15% |
The rates apply to the portion of the total value which falls within each band.
LTT (Non-residential)
| Consideration (£) | Rate |
|---|---|
| 0 - 150,000 | 0% |
| 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.
Land Transaction Tax (LTT) is payable on land and property transactions 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. Residential rates may be increased by 3% where further residential properties, costing over £40,000, are acquired.
LTT (Non-residential)
| Consideration (£) | Rate |
|---|---|
| 0 - 150,000 | 0% |
| 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.