From 1 April 2018, Wales will roll out its own stamp duty equivalent, the Land Transaction Tax (LTT), which preserves the essential structure of SDLT but with some key differences, including a higher starting threshold, together with higher rates of duty for some residential properties with a greater value. The existing first-time buyer exemption will also be removed.

Residential

Consideration (£) Rate (%)
0 - 180,000 0
180,000 - 250,000 3.5
250,000 - 400,000 5
400,000 - 750,000 7.5
750,000 - 1,500,000 10
Over 1,500,000 12

Additional LTT of 3% may apply to the purchase of additional residential properties.

Non-residential

Consideration (£) Rate (%)
0 - 150,000 0
150,000 - 250,000 1
250,000 - 1,000,000 5
Over 1,000,000 6
Southampton Office

12-14 Carlton Place
Southampton
Hampshire
SO15 2EA

Tel: 02380 234 222

Winchester Office

6 Charlecote Mews
Staple Gardens
Winchester
SO23 8SR

Tel: 01962 842000

Reading Office

3 Richfield Place
Richfield Avenue
Reading, Berkshire
RG1 8EQ

Tel: 0118 9511 115

London Office

90 Long Acre
Covent Garden
London
WC2E 9RZ

Tel: 0203 470 0777