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

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%