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LTT

Temporary Land Transaction Tax (LTT) freeze for Wales

Q3 2020

Finance Minister Rebecca Evans made the announcement at the Welsh Government daily coronavirus briefing on the 14th July 2020 which will bring the rate payable for properties valued at between £180,000 and £250,000 to zero from 27 July until the end of March 2021.

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Vanessa Hale

Director, Research

+44 20 7318 4675
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This temporary change will not apply to second homes or buy-to-let properties, which have to pay an additional 3% in tax on top of the existing rate for their value.


LTT Rates (27th July 2020 to 31st March 2021)

Purchase Price
LBTT Rate
Up to £250,000
0%
£250,001 to £400,0005%
£400,001 to £750,0007.5%
£750,001 to £1,500,00
10%
Over £1,500,000
12%

You can calculate how much LTT you are liable to pay here:

https://gov.wales/land-transaction-tax-calculator


Please note latest announcements to Wales LTT can be found here.