What are Welsh Land Transaction Tax (LTT) Rates? How do you calculate Welsh Land Transaction Tax?

This is a freeview 'At a glance' guide to Land Transaction Tax rates.

Subscribers see Welsh Land Transaction Tax

The English version is called Stamp Duty Land Tax (SDLT).

The Scottish version is called Land and Buildings Transaction Tax (LBTT).

At a glance

Wales introduced the Land Transaction Tax (LTT), its own version of Stamp Duty Land Tax (SDLT), effective from 1 April 2018. It is paid by the purchaser of a leasehold or freehold interest in Welsh land and buildings. It is administered by the Welsh Revenue Authority (WRA).

HMRC will not accept SDLT returns for transactions subject to LTT.

Key features:

  • LTT is similar in implementation to SDLT.
  • It is based on a banding or marginal rate system (as currently in place for SDLT) for both residential and non-residential properties.
  • There is no higher 15% rate on the purchase of residential property over £500,000 by a 'non-natural person', such as a company, as this is not seen as relevant for LTT.
  • For additional residential properties, higher rates of LTT are due.
    • These rates are set at 4% (3% prior to 22 December 2020) on top of the LTT rates prior to 10 October 2022.
    • The increased rates and bands from 10 October 2022 do not change the higher rates of LTT due on additional residential properties.
  • Agents should register with the WRA 14 days in advance of any transaction.

What's new?

On 27 September 2022, the Minister for Finance and Local Government announced new residential rates and bands which came into effect on 10 October 2022.

Coronavirus: temporary increased nil rate band

  • Between 27 July 2020 and 30 June 2021 the basic LTT nil rate band was extended due to Coronavirus.
  • Rates for the higher rate residential and non-residential LTT remained unchanged.


Agents need to register to file LTT returns online. 

Individuals who are not represented by a solicitor, agent or legal conveyancer, do not need to register to file a return.

There are three steps to registering your organisation in order to file LTT returns online:

  • Register your organisation with the Welsh Revenue Authority (WRA).
  • Sign up to WRA online services so that you can file your LTT returns online.
  • Notify WRA of any additional users you would like to add to your online account.

See How to register

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