It is with delight we can confirm that the Welsh Government has changed the Land Transaction Tax rates. From 27th July to 31st March 2021 properties valued at between £180,000 and £250,000 will no longer be subject to the Land Transaction Tax. Properties purchased for less than £180,000 are already exempt from paying the tax. The 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.
To see how much tax you would have to pay for any property with a value of £250,001.00 or more please refer to the following link.
https://gov.wales/changes-land-transaction-tax-nil-rate-threshold
