Land Transaction Tax

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%

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 – 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 30 June 2021.

Higher residential tax rates

Higher residential rates may apply when you already own one or more residential properties. These rates apply to transactions on or after 22 December 2020.

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)

These rates apply for transactions on or after 22 December 2020.

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.

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