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. Luckily, you don't have to worry about it as it’s one of the things your solicitor takes care of.

How much is LTT?

Purchase price

LTT rate

Up to £180,000

0%

Above £180,000 to £250,000

3.5%

Above £250,000 to £400,000

5%

Above £400,000 to £750,000

7.5%

Over £750,000 to £1,500,000

10%

Over £1,500,000

12%

How could we pay it for you?

Legally, the purchaser has to pay the LTT on their purchase. However we may be able to pay it for you up to a maximum of 4% of the purchase price of your new David Wilson home – just ask the Sales Adviser at the development.

Should you proceed with this David Wilson Homes' offer, we will pay the agreed sum to your solicitor on completion of the purchase of your new home.

Click to read the full Terms and Conditions.