Changes to the Land Transaction Tax

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

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