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Changes to Land Transaction Tax
Changes to Land Transaction Tax
As of 10th October 2022, The Welsh Government announced changes to the residential bands of Land Transaction Tax. The new bands will be as follows:
Price threshold | LTT rate |
|---|---|
The portion up to and including £225,000 | 0% |
The portion over £225,000 up to and including £400,000 | 6% |
The portion over £400,000 up to and including £750,000 | 7.5% |
The portion over £750,000 up to and including £1,500,000 | 10% |
The portion over £1,500,000 | 12% |
If you are thinking of buying a property in Wales, why not give us a call on 01606 74301?