Land Transaction Tax
Land Transaction Tax (LTT) (Welsh: Treth Trafodiadau Tir (TTT)) is a property tax in Wales. It replaced the Stamp Duty Land Tax from 1 April 2018. It became the first Welsh tax in almost 800 years.
| Taxation in Wales |
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| UK Government Departments |
| Welsh taxation |
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| Local taxation |
| UK Government |
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| This article is part of a series within the Politics of the United Kingdom on the |
| Politics of Wales |
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LTT is a tax applied to residential and commercial land and buildings transactions (including commercial purchases and commercial leases) where a chargeable interest is acquired. Under the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017, a land transaction must be notified to the Welsh Revenue Authority unless it falls within one of the exempt categories contained in the Act.
The Welsh Revenue Authority administers and collects LTT with support from HM Land Registry.
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