Land Transaction Tax

LAND TRANSACTION TAX        (previously known as Stamp Duty)

LTT Land Transaction Tax has replaced SDLT Stamp Duty Land Tax in Wales from 1st April 2018

Residential property (1st Property only)

Up to £180,000                  Nil

£180,000 – £250,000       3.5%

£250,000 – £400,000      5.o%

£400,000 – £750,000      7.5%

£750,000 – £1,500,000  10.0%

Over £1,500,000              12.0%

A supplement of 3% of the total purchase price applies where an additional residential property is purchased for more than £40,000 ( unless replacing a main residence). It is also payable by all corporate purchasers.

The Welsh Revenue Authority is responsible for collecting LTT and a Tax calculator is available at

http://beta.gov.wales/land-transaction-tax-calculator

Please find further information in the sheets below

Rates and Tax bands explained

Fact Sheet