Land Transaction Tax
T2021/22
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.
2020/21
Land Transaction Tax (LTT) is payable on land and property transactions in Wales.
LTT (Residential property)
| 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% |
The rates apply to the portion of the total value which falls within each band. Rates apply from 27 July 2020 to 30 June 2021.
Higher residential tax rates
Higher residential rates may apply when you already own one or more residential properties. These rates apply to transactions on or after 22 December 2020.
| 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)
These rates apply for transactions on or after 22 December 2020.
| 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.