http://www.legislation.gov.uk/id/wsi/2020/1618

Amendment of the Land Transaction Tax (Tax Bands and Tax Rates) (Wales) Regulations 20186

1

The Schedule to the 2018 Regulations is amended as follows—

2

For Table 2 substitute—

Table 2: Higher rates residential property transactions
Tax band
Relevant consideration
Percentage tax rate
First tax band
Not more than £180,000
4%
Second tax band
More than £180,000 but not more than £250,000
7.5%
Third tax band
More than £250,000 but not more than £400,000
9%
Fourth tax band
More than £400,000 but not more than £750,000
11.5%
Fifth tax band
More than £750,000 but not more than £1,500,000
14%
Sixth tax band
More than £1,500,000
16%

Tax band	Relevant consideration	Percentage tax rate
First tax band	Not more than £180,000	4%
Second tax band	More than £180,000 but not more than £250,000	7.5%
Third tax band	More than £250,000 but not more than £400,000	9%
Fourth tax band	More than £400,000 but not more than £750,000	11.5%
Fifth tax band	More than £750,000 but not more than £1,500,000	14%
Sixth tax band	More than £1,500,000	16%

3

For Table 3 substitute—

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%

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%

4

For table 4 substitute—

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%

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%