Aston Hughes News

Aston Hughes News

From 1 April 2018 Stamp duty land tax in Wales will be replaced by Land Transaction Tax (LTT) on any land transactions in Wales. LTT is operated by the Welsh Revenue Authority.

The rates for residential property in particular are going to increase and there can be a significant difference between the liability on residential property compared with mixed use or commercial property, for further information on the new rates;

Land Transaction tax Wales

Calculators of the LTT liabilities are available at;

https://beta.gov.wales/land-transaction-tax-calculator