Land Transaction Tax (LTT), Wales

From 1st April 2018 the Welsh Government introduced new rules which changed the payment of Stamp Duty on the purchase of a new home and replaced this with Land Transaction Tax (LTT) on all purchases more than £180,000.

What is LTT?

Land Transaction Tax (LTT) is the tax charged by the Government in Wales when you buy a home for more than £180,000.

Why do we have to pay it?

When you buy a property the change in land ownership has to be legally registered at the Land Registry. The Welsh Revenue Authority (WRA) are responsible for collecting Land Transaction Tax and will issue a certificate on receipt of the LTT payment due on the purchase of the property. So, put simply, if you don't pay the LTT, you can't buy your new home. Your solicitor will help make the transfer to pay the LTT for you.

LTT rates

Purchase price

  • Up to £180,000 0%
  • Above £180,000 to £250,000, LTT rate of 3.5%
  • Above £250,000 to £400,000, LTT rate of 5%
  • Above £400,000 to £750,000, LTT rate of 7.5%
  • Over £750,000 to £1,500,000, LTT rate of 10%
  • Over £1,500,000 , LTT rate of12%