Land Transaction Tax

Following the Welsh Government announcement Land Transaction Tax has replaced Stamp Duty in Wales. Now if you buy a property in Wales under £180,000, you no longer pay any Land Tax. You are now required to pay 3.5% if the property is between £180,000 and £250,000 and then 5%+ on the value of the properties above £250,000.

Land Transaction Tax is a Government tax paid by the buyer of a property, which now ranges between 0% and 12% on residential properties, depending on the value of the property. The 12% Land Transaction Tax is for properties over £1.5 million.

If you are left stumped by land transaction tax or confused by conveyancing, contact your local branch to discuss any property related matters with our expert agents.

Visit us in branch for a coffee and a chat, or call us and we will arrange an appointment with our Financial Advisors.

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