LTT on a £275,000 property in Wales
LTT on a £275,000 residential property in Wales for a additional-property buyer is £17,450.
| Band | Taxable amount | Rate | Charge |
|---|---|---|---|
| Up to £180,000 | £180,000 | 5% | £9,000 |
| £180,001 – £250,000 | £70,000 | 8.5% | £5,950 |
| £250,001 – £400,000 | £25,000 | 10% | £2,500 |
- If you sell a previous main residence within 36 months of this purchase, you may be able to reclaim the additional-property charge.
- You must file and pay within 30 days of completion.
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