Land Transaction Tax

Land Transaction Tax (LTT) is payable on land and property transactions in Wales.

LTT (Residential property)

Consideration (£)Rate
0 - 180,0000%
180,001 - 250,0003.5%
250,001 - 400,0005%
400,001 - 750,0007.5%
750,001 - 1,500,00010%
1,500,000 and above12%

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 - 150,0000%
150,001 - 250,0001%
250,001 - 1,000,0005%
Over 1,000,0006%

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