• 2022/23
  • 2021/22
  • 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

    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.