- Last Updated: 18 May 2021
This is a freeview 'At a glance' guide to Land Transaction Tax rates.
What are Welsh Land Transaction Tax (LTT) Rates? How do you calculate Welsh Land Transaction tax?
The English version is called Stamp Duty Land Tax (SDLT).
The Scottish version is called Land and Buildings Transaction Tax (LBTT).
LTT rates
Residential property rates
From 1 July 2021
Band: market price |
Tax Rate |
£0- £180,000 |
0 % |
£180,000- £250,000 |
3.5 % |
£250,000- £400,000 |
5 % |
£400,000- £750,000 |
7.5 % |
£750,000- £1.5 million |
10 % |
£1.5million and over |
12 % |
From 27 July 2020 – 30 June 2021
Band: market price |
Tax Rate |
£0- £250,000 |
0 % |
£250,000- £400,000 |
5 % |
£400,000- £750,000 |
7.5 % |
£750,000- £1.5 million |
10 % |
£1.5million and over |
12 % |
From 1 April 2018 – 26 July 2020
Band: market price |
Tax Rate |
£0- £180,000 |
0 % |
£180,000- £250,000 |
3.5 % |
£250,000- £400,000 |
5 % |
£400,000- £750,000 |
7.5 % |
£750,000- £1.5 million |
10 % |
£1.5million and over |
12 % |
Higher residential tax rates
From 22 December 2020
Band: market price |
Tax Rate |
£0- £180,000 |
4% |
£180,000- £250,000 |
7.5 % |
£250,000- £400,000 |
9 % |
£400,000- £750,000 |
11.5 % |
£750,000- £1.5 million |
14 % |
£1.5million and over |
16 % |
From 1 April 2018 - 21 December 2020
Band: market price |
Tax Rate |
£0- £180,000 |
3% |
£180,000- £250,000 |
6.5 % |
£250,000- £400,000 |
8 % |
£400,000- £750,000 |
10.5 % |
£750,000- £1.5 million |
13 % |
£1.5million and over |
15 % |
Non-residential property transactions
From 22 December 2020
Band: market price |
Tax Rate |
£0- £225,000 |
0 % |
£225,000- £250,000 |
1 % |
£250,000- £1 million |
5 % |
£1 million and over |
6 % |
From 1 April 2018 - 21 December 2020
Band: market price |
Tax Rate |
£0- £150,000 |
0 % |
£150,000- £250,000 |
1 % |
£250,000- £1 million |
5 % |
£1 million and over |
6 % |
Leases
From 22 December 2020
Net present value threshold |
Rates |
£0- £225,000 |
0 % |
£225,000- £2 million |
1 % |
£2 million and over |
2 % |
From 1 April 2018 - 21 December 2020
Net present value threshold |
Rates |
£0- £150,000 |
0 % |
£150,000- £2 million |
1 % |
£2 million and over |
2 % |
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