Based on property / land value of £285,000 there will be an approx. sum of £ LLT
due.
Tax Band
%
Taxable Sum
Tax
Less than £250k
0
£
£
£250k to £925k
5
£
£
£925k to £1.5M
5
£
£
Over £1,500,000
10
£
£
Over £1.5 million
12
£
£
Over £1.5 million
12
£
£
Total
£
Under the current LTT system any additional/buy to let property purchased for less than £40k not be eligable for LLT.
An additional dwelling purchased for less than £40k will attract 0% tax. For purchases from £40k to £145k the rate will be 6% on the full purchase price.
Percentage figures show LBTT and ADS rates combined. ADS is calculated in addition to LBTT and is applied at 6% to the total purchase price above £40k.
This LTT calculator is designed to give you an idea of your LTT Rate when buying a freehold residential property in Wales. LLT calculations are rounded down to the nearest pound. This LLT guide is approx as of 10th October 2022 and should be used for guidance only - please visit https://www.gov.wales/land-transaction-tax-calculator for the latest information
