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Welsh Government
Data Provider: Welsh Revenue Authority Residential Land Transaction Tax statistics by National Park and transaction type
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MeasureMeasure[Filtered]
PeriodFinancial year[Filtered]
Measure2
[Collapse]Transaction typeTransaction type[Filter]
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[Collapse]Transaction type 1
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Transaction type 2
Code[Filtered]
[Collapse]National Park areaThese are the National Park areas in Wales (3). Also shown are the elements of those local authorities outside National Park boundaries where the two organisations intersect. Finally all local authorities which don\'t intersect National Parks are then grouped together, thus providing full coverage of the data across Wales.[Filter]
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National Park area 1
[Collapse]ResidentialClick here to sortResidential
[Expand]Click here to sortMain rate residential[Collapse]Higher rates residentialClick here to sortHigher rates residential
Click here to sortRevenue from main rateClick here to sortRevenue from higher rate
[Collapse]NPAKnown[Expand]Total of National Park areas and non-National Park AreasThis excludes cases across Wales where the National Park area could not be ascertained due to a lack of reliable postcode information.116.229.975.3105.2221.4
[Collapse]W18000001[Collapse]Total of National Park areas and non-National Park AreasThis excludes cases across Wales where the National Park area could not be ascertained due to a lack of reliable postcode information.Bannau Brycheiniog National Park2.00.50.91.43.5
[Collapse]W18000002[Collapse]Total of National Park areas and non-National Park AreasThis excludes cases across Wales where the National Park area could not be ascertained due to a lack of reliable postcode information.Pembrokeshire Coast National Park2.02.02.64.66.6
[Collapse]W18000003[Collapse]Total of National Park areas and non-National Park AreasThis excludes cases across Wales where the National Park area could not be ascertained due to a lack of reliable postcode information.Eryri National Park1.00.51.41.92.9
[Collapse]NPA5142[Collapse]Total of National Park areas and non-National Park AreasThis excludes cases across Wales where the National Park area could not be ascertained due to a lack of reliable postcode information.Gwynedd - outside National Park2.72.54.26.79.4
[Collapse]NPA5162[Collapse]Total of National Park areas and non-National Park AreasThis excludes cases across Wales where the National Park area could not be ascertained due to a lack of reliable postcode information.Conwy - outside National Park4.01.43.75.19.0
[Collapse]NPA5242[Collapse]Total of National Park areas and non-National Park AreasThis excludes cases across Wales where the National Park area could not be ascertained due to a lack of reliable postcode information.Powys - outside National Park5.11.02.43.48.5
[Collapse]NPA5282[Collapse]Total of National Park areas and non-National Park AreasThis excludes cases across Wales where the National Park area could not be ascertained due to a lack of reliable postcode information.Pembrokeshire - outside National Park4.10.62.22.86.9
[Collapse]NPA5302[Collapse]Total of National Park areas and non-National Park AreasThis excludes cases across Wales where the National Park area could not be ascertained due to a lack of reliable postcode information.Carmarthenshire - outside National Park5.21.03.74.79.9
[Collapse]NPA5422[Collapse]Total of National Park areas and non-National Park AreasThis excludes cases across Wales where the National Park area could not be ascertained due to a lack of reliable postcode information.Merthyr Tydfil - outside National Park0.50.10.91.01.5
[Collapse]NPA5442[Collapse]Total of National Park areas and non-National Park AreasThis excludes cases across Wales where the National Park area could not be ascertained due to a lack of reliable postcode information.Rhondda Cynon Taf - outside National Park3.80.64.24.88.5
[Collapse]NPA5482[Collapse]Total of National Park areas and non-National Park AreasThis excludes cases across Wales where the National Park area could not be ascertained due to a lack of reliable postcode information.Monmouthshire - outside National Park9.71.42.23.613.3
[Collapse]NPA5902[Collapse]Total of National Park areas and non-National Park AreasThis excludes cases across Wales where the National Park area could not be ascertained due to a lack of reliable postcode information.All other local authorities76.218.247.065.2141.5

Metadata

Title

Residential Land Transaction Tax statistics, by National Park area, transaction type, measure and effective year

Last update

25 January 2024 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

National Park 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 residential transactions received by the WRA by the close of 15 January 2024.

Non-residential statistics cannot be reliably produced as identification of the correct National Park area relies on the postcode to be provided for the property and land items as part of each transaction. As there is an inherent bias in the cases where missing or invalid postcodes are provided towards larger non-residential transactions, their results are not sufficiently complete or meaningful to be published.

The dataset includes a breakdown by:
- transaction type: residential only but (including sub-categories for main rate and higher rate transactions)
- National Park: each of the 3 National Parks 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)

There is a relatively small proportion of residential transactions where the postcode provided for the property and land items is missing or invalid. This means that the constituency cannot be allocated. For comparability, the constituency totals shown in this dataset therefore relate only to those transactions where the constituency is known, and for that reason will not match the Wales total shown in other datasets.

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-2021-2022-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.

Keywords

Land Transaction Tax; LTT; Tax

Statistical quality

See weblinks