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Land Transaction Tax

2022/23

Land Transaction Tax (LTT) is payable on land and property transactions in Wales.

LTT (Residential property)

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.

2021/22

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.