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

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

LTT rates

Residential property rates

From 1 July 2021

Band: market price

Tax Rate

£0- £180,000

0 %

£180,000- £250,000

3.5 %

£250,000- £400,000

5 %

£400,000- £750,000

7.5 %

£750,000- £1.5 million

10 %

£1.5million and over

12 %

 

From 27 July 2020 – 30 June 2021

Band: market price

Tax Rate

£0- £250,000

0 %

£250,000- £400,000

5 %

£400,000- £750,000

7.5 %

£750,000- £1.5 million

10 %

£1.5million and over

12 %

 

From 1 April 2018 – 26 July 2020

Band: market price

Tax Rate

£0- £180,000

0 %

£180,000- £250,000

3.5 %

£250,000- £400,000

5 %

£400,000- £750,000

7.5 %

£750,000- £1.5 million

10 %

£1.5million and over

12 %

 

Higher residential tax rates

From 22 December 2020

Band: market price

Tax Rate

£0- £180,000

4%

£180,000- £250,000

7.5 %

£250,000- £400,000

9 %

£400,000- £750,000

11.5 %

£750,000- £1.5 million

14 %

£1.5million and over

16 %

 

From 1 April 2018 - 21 December 2020

Band: market price

Tax Rate

£0- £180,000

3%

£180,000- £250,000

6.5 %

£250,000- £400,000

8 %

£400,000- £750,000

10.5 %

£750,000- £1.5 million

13 %

£1.5million and over

15 %

 

Non-residential property transactions

From 22 December 2020

Band: market price

Tax Rate

£0- £225,000

0 %

£225,000- £250,000

1 %

£250,000- £1 million

5 %

£1 million and over

6 %

 

From 1 April 2018 - 21 December 2020

Band: market price

Tax Rate

£0- £150,000

0 %

£150,000- £250,000

1 %

£250,000- £1 million

5 %

£1 million and over

6 %

 

Leases

From 22 December 2020

Net present value threshold

Rates

£0- £225,000

0 %

£225,000- £2 million

1 %

£2 million and over

2 %

 

From 1 April 2018 - 21 December 2020

Net present value threshold

Rates

£0- £150,000

0 %

£150,000- £2 million

1 %

£2 million and over

2 %

 

LTT At a glance

Wales has 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 LTT features

Coronavirus: temporary increased nil rate band

Registration

Agents need to register to file LTT returns online. They should need to allow up to two weeks to complete the registration process. 

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:

See How to register


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