LAND TRANSACTION TAX (previously known as Stamp Duty)
LTT Land Transaction Tax has replaced SDLT Stamp Duty Land Tax in Wales from 1st April 2018
Residential property (1st Property only)
Up to £180,000 Nil
£180,000 – £250,000 3.5%
£250,000 – £400,000 5.o%
£400,000 – £750,000 7.5%
£750,000 – £1,500,000 10.0%
Over £1,500,000 12.0%
A supplement of 3% of the total purchase price applies where an additional residential property is purchased for more than £40,000 ( unless replacing a main residence). It is also payable by all corporate purchasers.
The Welsh Revenue Authority is responsible for collecting LTT and a Tax calculator is available at
http://beta.gov.wales/land-transaction-tax-calculator
Please find further information in the sheets below