Land Transaction Tax

On the transfer of property in Wales.

Call: 028 9038 2637 or Email: accountants@michaelhunterandcompany.co.uk

From 1 April 2018, Wales will roll out its own stamp duty equivalent, the Land Transaction Tax (LTT), which preserves the essential structure of SDLT but with some key differences, including a higher starting threshold, together with higher rates of duty for some residential properties with a greater value. The existing first-time buyer exemption will also be removed.

Residential

Consideration (£) Rate (%)
0 - 180,000 0
180,000 - 250,000 3.5
250,000 - 400,000 5
400,000 - 750,000 7.5
750,000 - 1,500,000 10
Over 1,500,000 12

Additional LTT of 3% may apply to the purchase of additional residential properties.

Non-residential

Consideration (£) Rate (%)
0 - 150,000 0
150,000 - 250,000 1
250,000 - 1,000,000 5
Over 1,000,000 6

Home | Contact us | Accessibility | Disclaimer | Help | Site map |

© 2019 Michael Hunter & Company. All rights reserved. | Michael Hunter & Company, Old Bank House, 161-163 Upper Lisburn Road, Belfast, Northern Ireland BT10 0LJ

We use cookies on this website, you can find more information about cookies here.

Chartered Accountants Ireland