There are different Land Transaction Tax (LTT) rates and bands for different types of property. Welsh Ministers set the rates and bands for LTT. They’re approved by the Welsh Parliament.
The amount of LTT you pay depends on:
- when you bought the property
- whether it’s residential or not
- how much you paid for it
The ‘effective date’ is usually the day you completed the purchase of the property.
You can use the tax calculator to help you work out how much tax you’ll pay.
For further information visit GOV.Wales.