Price threshold |
|
Land Transaction Tax rate |
The portion up to and including |
£225,000 |
0% |
The portion over |
£225,000 up to and including £400,000 |
6% |
The portion over |
£400,000 up to and including £750,000 |
7.5% |
The portion over |
£750,000 up to and including £1,500,000 |
10% |
The portion over |
£1,500,000 |
12% |
|
|
|
Price threshold |
|
Land Transaction Tax rate |
The portion up to and including |
£180,000 |
0% |
The portion over |
£180,000 up to and including £250,000 |
3.5% |
The portion over |
£250,000 up to and including £400,000 |
5% |
The portion over |
£400,000 up to and including £750,000 |
7.5% |
The portion over |
£750,000 up to and including £1,500,000 |
10% |
The portion over |
£1,500,000 |
12% |
All other elements of Land Transaction Tax will remain unchanged, meaning there are no tax reductions provided to those purchasing second homes in Wales. This is unlike with stamp duty land tax in England.
Price threshold |
|
Land Transaction Tax rate |
The portion up to and including |
£150,000 |
0% |
The portion over |
£150,000 up to and including £250,000 |
1% |
The portion over |
£250,000 up to and including £1,000,000 |
5% |
The portion over |
£1,000,000 |
6% |
NPV threshold |
|
Land Transaction Tax rate |
The portion up to and including |
£150,000 |
0% |
The portion over |
£150,000up to and including £2,000,000 |
1% |
The portion over |
£2,000,000 |
2% |