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Use this calculator to help you work out how much Land Transaction Tax (LTT) you may need to pay if you buy property or land in Wales. For residential property, you’ll need to know if main rates or higher rates of LTT apply. This calculator works for most transactions.
- WRA Services
Rydym yn rheoli trethi datganoledig yng Nghymru i helpu i...
- Higher Rates
For residential property, there are 2 rates of LTT: main and...
- File Land Transaction Tax
For a paper return, email contact@wra.gov.wales or use other...
- Guidance for Tax Professionals
Rates and bands. 10 October 2022 Detailed guide. File a...
- Welsh Revenue Authority
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- Housing
Rent Smart Wales, letting fees, guidance for landlords....
- WRA Services
Stamp duty in Scotland. The Scottish LBTT system is broadly based on the existing SDLT scheme. LBTT rates increase in line with property price and LBTT rate thresholds have been introduced with clear demarcation between the different bands.
- How Much LTT Will Be Payable?
- Land Transaction Tax in Wales
- LTT Rates in Wales
- What Are The LTT Rates in Wales?
- LTT For Buy to Let and Second Homes
- LTT For First Time Buyers
The LTT calculators below indicate how much LTT will be payable for freehold residential property purchases in Wales. LTT calculations are provided for both single and additional dwellings and take into account the LTT threshold and rate changes from 10th October 2022.
The current LTT system was announced by the Welsh Government in the October 2017 Budget and came into force in April 2018. LTT is payable when you buy or lease a building or land over a certain price. The new LTT taxation system is broadly consistent with the existing SDLT structure in England and Northern Ireland. The changes are designed to make ...
New LTT rates and bands were introduced from April 2018. LTT is broadly based on SDLT with buyers paying tax on amounts between bands, not on the full purchase price of a property.
From 10th October 2022 the initial zero rate threshold was increased from £180,000 to £225,000 and a new LTT rate of 6% was introduced for LTT band £225,000 to £400,000. The current LTT rates in Wales are shown in the tables below: For a single property LTT is exempt on the first £225,000. LTT is charged at 6% on the portion between £225,000 and £4...
Under the current LTT system a 4% surcharge applies to all transactions involving the purchase of an additional property. Additional property types include buy to let investments and second homes. In line with the rest of the UK, the surcharge applies to the full purchase price above an initial threshold of £40,000. Please refer to our LTT second h...
Specific first time buyer relief is not available under the current LTT system but the higher zero tax threshold of £180k should capture many first time purchases.
Use our Land Transaction Tax (LTT) calculator to calculate how much LTT (formerly Stamp Duty) you'll need to pay on your home in Wales.
Wales. In Wales, the stamp duty thresholds and rates are different to those in England, Northern Ireland and Scotland – plus there is no extra relief for first-time buyers. Here are the rates you'll need to pay:
Apr 12, 2024 · Check out our guides on Scottish stamp duty (LBTT) and Welsh stamp duty (LTT). Stamp duty is tiered, meaning that you pay different rates on different portions of the property price. You'll also pay different rates depending on whether you're a first-time buyer, home mover or buying a buy-to-let, second or holiday home .
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What is Scottish stamp duty (LBTT) & Welsh stamp duty?
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What is stamp duty in Scotland?
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Aug 29, 2023 · Find out the current Land Transaction Tax (LTT) rates and use our LTT calculator to work out how much you'll need to pay when buying a property in Wales.
