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Autumn Statement 2022 – Land transaction tax

Budget Summary

The Welsh government also altered its rates in relation to land and buildings in Wales for transactions with an effective date on or after 10 October 2022.

ResidentialBand £Rate%Non-residentialBand £Rate%
0 – 225,00000 – 225,0000
225,001 – 400,0006225,001 – 250,0001
400,001 – 750,0007.5250,001 – 1,000,0005
750,001 – 1,500,00010Over 1,000,0006
Over 1,500,00012

Higher rates may be payable where further residential properties are acquired.

November 23, 2022