2023/24

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	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.