Hamilton Square Estates Ltd

Search More

News

North Wales Property – Introduction of Land Transaction Tax in Wales – Flintshire, Wrexham

Posted on November 20, 2017 by Denise OHanlon in News

In Wales, from April 2018, Stamp Duty Land Tax (SDLT) will be replaced by Land Transaction Tax (LTT).

LTT will apply to both residential and non-residential transactions and the rates have recently been released.

Clarification regarding a transitional period for property transactions occurring during the change from SDLT to LTT is awaited – we will keep you informed.

 

Price Threshold Residential Rates Non-Residential Rates
£0 – £150,000 0% 0%
£150,000 – £250,000 2.5% 1%
£250,000 – £400,000 5.0% 5.0%
£400,000 – £750,000 7.5% 5.0%
£750,000 – £1m 10.0% 5.0%
£1m – £1.5m 10.0% 6.0%
£1.5m and above 12.0% 6.0%