Calculate Land Transaction Tax
Enter a non-residential purchase price to see the LTT due and the effective rate.
- LTT due
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- Effective rate
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LTT due: —, Effective rate: —
What is LTT?
Land Transaction Tax (LTT) is Wales's equivalent of Stamp Duty Land Tax, charged on the purchase of land and buildings, including non-residential (commercial) property such as offices, shops and land. It's administered by the Welsh Revenue Authority.
How is non-residential LTT calculated?
LTT on non-residential property is charged progressively across bands: nothing on the first £225,000, 1% on the portion from £225,000 to £250,000, 5% from £250,000 to £1,000,000, and 6% on anything above £1,000,000. Only the slice of the price within each band is taxed at that band's rate.
Non-residential LTT rates and thresholds
The current non-residential rates are: 0% up to £225,000; 1% from £225,000 to £250,000; 5% from £250,000 to £1,000,000; and 6% above £1,000,000.
Worked example
A £300,000 non-residential purchase pays 1% on the £25,000 between £225,000 and £250,000 (£250), plus 5% on the remaining £50,000 above £250,000 (£2,500) — a total of £2,750.
When is LTT due?
LTT must be paid, and a return filed with the Welsh Revenue Authority, within 30 days of the transaction's effective date (usually completion). Late filing or payment can attract penalties and interest.
People also ask
- LTT replaced Stamp Duty Land Tax in Wales in 2018 and serves the same purpose, but has its own bands, rates and administering authority (the Welsh Revenue Authority).
- The buyer is responsible for paying LTT and for filing the return with the Welsh Revenue Authority, typically handled by their solicitor as part of the transaction.
- No. LTT is progressive — each band of the price is taxed at its own rate, so only the portion above a threshold is taxed at the higher rate for that band.
- This calculator covers non-residential purchases only. Residential LTT uses different bands and rates not reflected here.
