SCHEDULE
Regulation 3
Table 1

Residential property transactions
Tax band | Relevant consideration | Percentage tax rate
Zero rate band | Not more than £225,000 | 0%
First tax band | More than £225,000 but not more than £400,000 | 6%
Second tax band | More than £400,000 but not more than £750,000 | 7.5%
Third tax band | More than £750,000 but not more than £1,500,000 | 10%
Fourth tax band | More than £1,500,000 | 12%

Table 2: Higher rates residential property transactions
Tax band | Relevant consideration | Percentage tax rate
First tax band | Not more than £180,000 | 5%
Second tax band | More than £180,000 but not more than £250,000 | 8.5%
Third tax band | More than £250,000 but not more than £400,000 | 10%
Fourth tax band | More than £400,000 but not more than £750,000 | 12.5%
Fifth tax band | More than £750,000 but not more than £1,500,000 | 15%
Sixth tax band | More than £1,500,000 | 17%

Table 3: Non-residential property transactions
Tax band | Relevant consideration | Percentage tax rate
Zero rate band | Not more than £225,000 | 0%
First tax band | More than £225,000 but not more than £250,000 | 1%
Second tax band | More than £250,000 but not more than £1,000,000 | 5%
Third tax band | More than £1,000,000 | 6%

Table 4: Chargeable consideration which consists of rent
Tax band | Relevant consideration | Percentage tax rate
NRL zero rate band | Not more than £225,000 | 0%
First tax band | More than £225,000 but not more than £2,000,000 | 1%
Second tax band | More than £2,000,000 | 2%
Sch. Table 3 substituted (with effect in accordance with regs. 3-5 of the amending S.I.) by The Land Transaction Tax (Tax Bands and Tax Rates) (Wales) (Amendment) Regulations 2020 (S.I. 2020/1618), regs. 1, 6(3)
Sch. Table 4 substituted (with effect in accordance with regs. 3-5 of the amending S.I.) by The Land Transaction Tax (Tax Bands and Tax Rates) (Wales) (Amendment) Regulations 2020 (S.I. 2020/1618), regs. 1, 6(4)
Sch. Table 1 substituted (10.10.2022) by The Land Transaction Tax (Tax Bands and Tax Rates) (Wales) (Amendment) Regulations 2022 (S.I. 2022/1027), regs. 1, 7(2) (with regs. 3-6)
Sch. Table 2 substituted (11.12.2024) by The Land Transaction Tax (Tax Bands and Tax Rates) (Wales) (Amendment) Regulations 2024 (S.I. 2024/1311), regs. 1(2), 6 (with regs. 3-5)