Land Transaction Tax (LTT) Paid (Wales)

We could pay your Land Transaction Tax (LTT) for you.

 What is LTT and why do we have to pay it?

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

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. The transfer of funds to pay the LTT will be managed for you by your solicitor.

How much is LTT?

Single residential property owner:

Purchase price

LTT rate

Up to £180,000

0%

£180,001 to £250,000

3.5%

£250,001 to £400,000

5%

£400,001 to £750,000

7.5%

£750,001 to £1,500,000

10%

Over £1,500,001

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 contribute towards 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 offer, your solicitor will deduct the agreed contribution from the purchase price that is paid to us and allocate it to the LTT payment on completion of the purchase of your new home.

Click to read the full Terms and Conditions.