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Land Transaction Tax (LTT), Wales

LTT is the Welsh equivalent of Stamp Duty, and is the tax charged by the Government in Wales when you buy a home.

What is LTT?

Land Transaction Tax (LTT) is the tax charged by the Government in Wales when you buy a home of 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.

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

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How much is LTT?

For homes over £180,000 there is no LTT to pay on the first £180,000, then the following rates apply:

Purchase price

LTT rate

£0 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 £1,500,000

12%