Stamp Duty Land Tax (SDLT) is being replaced in Wales by the Land Transaction Tax from 1st April 2018.
After 1st April 2018....
|Price Paid||LLT Rate||LLT 2nd Property|
|up to £180,000||0%||3%|
|£180,000+ to £250,000||3.5%||6.5%|
|£250,000+ to £400,000||5%||8%|
|£400,000+ to £750,000||7.5%||10.5%|
|£750,000+ to £1.5M||10%||13%|
If you buy a property for more than £180,000, you pay Land Transaction Tax (LTT). The amount payable depends on the purchase price of the property.
Also from 1st April 2016 there is an additional 3% stamp duty on all buy to let purchases and on the purchase of a second home.
For more information, please refer to Stamp Duty Information