Land Transaction Tax (LTT) is payable on land and property transactions in Wales.
LTT (Residential property)
| Consideration (£) | Rate |
|---|---|
| 0 - 225,000 | 0% |
| 225,001 - 400,000 | 6% |
| 400,001 - 750,000 | 7.5% |
| 750,001 - 1,500,000 | 10% |
| Over 1,500,000 | 12% |
The rates apply to the portion of the total value which falls within each band.
Residential rates may be increased 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 | 5% |
| 180,001 - 250,000 | 8.5% |
| 250,001 - 400,000 | 10% |
| 400,001 - 750,000 | 12.5% |
| 750,001 - 1,500,000 | 15% |
| Over 1,500,000 | 17% |
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 (LTT) is payable on land and property transactions in Wales.
LTT (Residential property)
| Consideration (£) | Rate |
|---|---|
| 0 - 225,000 | 0% |
| 225,001 - 400,000 | 6% |
| 400,001 - 750,000 | 7.5% |
| 750,001 - 1,500,000 | 10% |
| Over 1,500,000 | 12% |
The rates apply to the portion of the total value which falls within each band.
Residential rates may be increased 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. For transactions before 11 December 2024 these rates were 1% lower.
| Consideration (£) | Rate |
|---|---|
| 0 - 180,000 | 5% |
| 180,001 - 250,000 | 8.5% |
| 250,001 - 400,000 | 10% |
| 400,001 - 750,000 | 12.5% |
| 750,001 - 1,500,000 | 15% |
| Over 1,500,000 | 17% |
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% |
Land Transaction Tax (LTT) is payable on land and property transactions in Wales.
LTT (Residential property)
| Consideration (£) | Rate |
|---|---|
| 0 - 225,000 | 0% |
| 225,001 - 400,000 | 6% |
| 400,001 - 750,000 | 7.5% |
| 750,001 - 1,500,000 | 10% |
| Over 1,500,000 | 12% |
The rates apply to the portion of the total value which falls within each band.
Residential rates may be increased 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. From 11 December 2024 these are:
| Consideration (£) | Rate |
|---|---|
| 0 - 180,000 | 5% |
| 180,001 - 250,000 | 8.5% |
| 250,001 - 400,000 | 10% |
| 400,001 - 750,000 | 12.5% |
| 750,001 - 1,500,000 | 15% |
| Over 1,500,000 | 17% |
Higher residential rates may apply when you already own one or more residential properties. Between 22 December 2022 and 10 December 2024 these were:
| 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% |
| Over 1,500,000 | 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.
The rates apply to the portion of the total value which falls within each band.