Land Transaction Tax Changes in Wales

5th October 2022

The key details of the move are:

  • People buying homes under £225,000 will not pay any Land Transaction Tax.

  • Anyone buying a home costing less than £345,000 will see a reduction in the tax they pay, up to a maximum of £1,575.

  • People buying homes worth more than £345,000 will see an increase – up to £550 – but these only represent around 15% of property transactions in Wales.

These come into effect from 10th October 2022

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