Land Transaction Tax statistics by local authority and transaction type

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Chart

None

Measure

Property values and average property values are only presented for residential transactions to avoid accidental disclosure of details pertaining to individual non-residential transactions.

Period

Measure2

Transaction type

Counts include non-residential transactions with a purchase element and a rental element although to avoid double counting, only those with a rental element without a purchase element are added to those with a purchase element in the totals. Tax due includes tax related to both the purchase and rental elements of all non-residential transactions. The value statistics for the separate purchase and rental elements of non-residential transactions should not be summed together and the totals presented here only include the purchase elements.

Transaction type 1

Transaction type 2

Transaction type 3

Code

Local authority area

Local authority area 1

All transactions

All transactions

Residential

Non-residential

Main rate residential

Higher rates residential

Revenue from main rate

Revenue from higher rate

W92000004

Wales

117.9

30.3

76.4

106.7

224.6

63.1

287.7

W06000001

Wales

Isle of Anglesey

2.7

2.5

3.6

6.1

8.8

0.7

9.5

W06000002

Wales

Gwynedd

3.5

3.0

5.3

8.3

11.8

3.5

15.4

W06000003

Wales

Conwy

4.2

1.5

4.0

5.5

9.8

1.5

11.2

W06000004

Wales

Denbighshire

2.7

0.5

2.3

2.8

5.6

2.0

7.6

W06000005

Wales

Flintshire

4.2

0.8

2.4

3.2

7.4

4.9

12.4

W06000006

Wales

Wrexham

3.1

0.4

2.3

2.7

5.8

1.8

7.6

W06000023

Wales

Powys

6.4

1.4

3.2

4.6

11.1

5.2

16.2

W06000008

Wales

Ceredigion

3.1

0.9

2.1

2.9

6.0

2.5

8.5

W06000009

Wales

Pembrokeshire

6.2

2.6

4.8

7.5

13.7

1.9

15.5

W06000010

Wales

Carmarthenshire

5.4

1.0

3.8

4.8

10.2

3.4

13.6

W06000011

Wales

Swansea

7.5

2.2

6.0

8.2

15.7

6.0

21.7

W06000012

Wales

Neath Port Talbot

1.5

0.4

2.2

2.5

4.0

1.5

5.5

W06000013

Wales

Bridgend

4.7

0.8

2.5

3.3

7.9

0.7

8.6

W06000014

Wales

Vale of Glamorgan

12.7

3.4

4.2

7.6

20.3

1.7

22.0

W06000015

Wales

Cardiff

22.9

5.0

11.9

16.9

39.8

12.0

51.8

W06000016

Wales

Rhondda Cynon Taf

3.8

0.6

4.2

4.8

8.6

3.5

12.1

W06000024

Wales

Merthyr Tydfil

0.5

0.1

0.9

1.0

1.5

0.8

2.3

W06000018

Wales

Caerphilly

2.8

0.4

2.5

2.9

5.7

2.5

8.2

W06000019

Wales

Blaenau Gwent

0.4

0.1

1.1

1.5

0.4

1.9

W06000020

Wales

Torfaen

2.3

0.2

1.1

1.3

3.6

1.9

5.5

W06000021

Wales

Monmouthshire

10.4

1.5

2.4

3.9

14.3

2.1

16.4

W06000022

Wales

Newport

7.0

1.0

3.7

4.7

11.6

2.6

14.2

Metadata

High level information
Summary information
Statistical quality information
Weblinks
Keywords
Open Data

Title

Land Transaction Tax statistics, by local authority, transaction type, measure and effective year

Last update

25 January 2024

Next update

25 April 2024

Publishing organisation

Welsh Revenue Authority

Source 1

Land Transaction Tax returns, Welsh Revenue Authority

Contact email

data@wra.gov.wales

Designation

None

Lowest level of geographical disaggregation

Local authority areas

Geographical coverage

Wales

Languages covered

English and Welsh

Data licensing

You may use and re-use this data free of charge in any format or medium, under the terms of the Open Government License - see http://www.nationalarchives.gov.uk/doc/open-government-licence

General description

From 1 April 2018, LTT replaced Stamp Duty Land Tax (SDLT) on residential and non-residential property and land interests purchased in Wales. The tax rates and tax bands for LTT vary depending on the type of transaction.

Taxpayers must notify the WRA of all land transactions with a value above £40,000. There are also circumstances where certain lease transactions are not notifiable if they are less than 7 years in duration. When filing an LTT return, the organisation paying the return has 30 days after the effective date to submit and pay the return.

This dataset includes estimates of LTT notifiable transactions received by the WRA by the close of 15 January 2024.

The dataset includes a breakdown by:
- transaction type: residential (including sub-categories for main rate and higher rate transactions), non-residential
- local authority: each of the 22 local authorities in Wales
- measure: number of transactions, tax due, value of property taxed, average tax due per transaction and average value of property taxed
- effective year (financial)

Note that property values and average property values are only presented for residential transactions to avoid accidental disclosure of details pertaining to individual non-residential transactions.

A full explanation of how this dataset should be interpreted, especially in the context of higher rates transactions, can be found here: https://gov.wales/welsh-revenue-authority-local-area-statistics-2022-2023-explained-html

Data collection and calculation

See weblinks

Frequency of publication

Quarterly

Data reference periods

Data are shown by the year ending June, September, December and March in which the transaction was effective.

Users, uses and context

These statistics have been established to meet the immediate user requirement for data on the implementation of LTT, following the establishment of the WRA. Our key users are colleagues from the Welsh Treasury within the Welsh Government, the Office of Budget Responsibility, and other tax authorities in the UK.

Rounding applied

Values in this dataset are rounded to the nearest 10 transactions, nearest £0.1 million tax due, and nearest £1 million for the value of property taxed. Average tax due per transaction is shown to the nearest £10, whilst average value per transaction is shown to the nearest £1000.

Revisions information

Land Transaction Tax statistics are subject to revision. When filing an LTT return, the organisation paying the return has 30 days after the ‘effective date’ to submit and pay the return. The effective date is when the tax becomes liable to be paid, usually when a transaction is completed on a property.

This dataset (being annual figures) is unlikely to be affected by further transactions not submitted by June of the following year. However, values for existing transactions are subject to revisions for several years and may lead to some revisions when these data are next updated. In particular, this will be due to higher rate refunds. When a refund for higher rates residential LTT is claimed, the original transaction is amended to a main rate residential LTT transaction. The taxpayer has up to three years to sell their previous main residence and claim a refund.

Statistical quality

See weblinks

Weblinks

https://gov.wales/land-transaction-tax-statistics
https://gov.wales/key-quality-information-land-transaction-tax-statistics
https://gov.wales/funding/fiscal-reform/welsh-taxes/land-transaction-tax

Keywords

Land Transaction Tax; LTT; Tax

Name

WRAx0008