Land Transaction Tax
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 4% where further residential properties costing over £40,000 or over are acquired.
Higher residential tax rates
Higher residential rates may apply when you already own one or more residential properties.
| Consideration (£) | Rate |
|---|---|
| 0 - 180,000 | 4% |
| 180,001 - 250,000 | 7.5% |
| 250,001 - 400,000 | 9% |
| 400,001 - 750,000 | 11.5% |
| 750,001 - 1,500,000 | 14% |
| 1,500,000 and above | 16% |
The rates apply to the portion of the total value which falls within each band.
LTT (Non-residential)
| Consideration (£) | Rate |
|---|---|
| 0 - 225,000 | 0% |
| 225,001 - 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)
Rates applying to 30 June 2021
| 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% |
Rates applying from 1 July 2021
| 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 4% where further residential properties costing over £40,000 or over are acquired.
Higher residential tax rates
Higher residential rates may apply when you already own one or more residential properties.
| Consideration (£) | Rate |
|---|---|
| 0 - 180,000 | 4% |
| 180,001 - 250,000 | 7.5% |
| 250,001 - 400,000 | 9% |
| 400,001 - 750,000 | 11.5% |
| 750,001 - 1,500,000 | 14% |
| 1,500,000 and above | 16% |
The rates apply to the portion of the total value which falls within each band.
LTT (Non-residential)
| Consideration (£) | Rate |
|---|---|
| 0 - 225,000 | 0% |
| 225,001 - 250,000 | 1% |
| 250,001 - 1,000,000 | 5% |
| Over 1,000,000 | 6% |