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.