Temporary Welsh increase to nil rate band of LTT for main residences only

Temporary Welsh increase to nil rate band of LTT for main residences only

14:51 PM, 15th July 2020, About A year ago

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The Welsh Government has announced a temporary increase to the nil rate band of Land Transaction Tax (LTT) to £250,00 for main residence property transactions from 27th July 2020 until 31st March 2021.

The tax paid for higher rate residential or non-residential transactions are unchanged.

There will still be additional rates to pay for landlords on investment property below the £250,00 threshold and unlike England no benefit will be derived from this announcement to encourage landlord purchases.

The new temporary and higher rates can be seen in the tables below:

Price Threshold Main Residential Rate
The portion up to and including £250,000 0%
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%
Price Threshold Higher Residential Rate
The portion up to and including £180,000 3%
The portion over £180,000 up to and including £250,000 6.5%
The portion over £250,000 up to and including £400,000 8%
The portion over £400,000 up to and including £750,000 10.5%
The portion over £750,000 up to and including £1,500,000 13%
The portion over £1,500,000 15%


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