Vanessa Hale
Director, Research
Director, Research
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 £400,000 | 5% |
£400,001 to £750,000 | 7.5% |
£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.