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.