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Data Provider: Welsh Revenue Authority Land Transaction Tax statistics by time period and non-residential transaction value
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MeasureMeasure[Filtered]
Measure2
[Collapse]Transaction valueTransaction value is generally the purchase price of the property or land item.  The bands differ for residential and non-residential purchases, reflecting the different tax bandings for each type of transaction.  It is therefore not possible to present a transaction value for the total of both transaction types.[Filtered]
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[Collapse]Transaction value 1
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Transaction value 2
[Collapse]PeriodData are shown by the month, financial quarter (quarter 1 is April to June) and financial year (April to March) in which the transaction was effective. Where part quarters and years are shown, these are marked with the suffix \'to date.\'[Filter]
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[Collapse]Period 1
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Period 2
[Collapse]TotalCounts include all residential transactions, plus non-residential transactions with a purchase element and a rental element although to avoid double counting, only those non-residential transactions with a rental element but 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 residential and 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 includes the purchase elements of non-residential transactions along with residential transactions.Click here to sortTotalCounts include all residential transactions, plus non-residential transactions with a purchase element and a rental element although to avoid double counting, only those non-residential transactions with a rental element but 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 residential and 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 includes the purchase elements of non-residential transactions along with residential transactions.
[Expand]Click here to sortResidential total[Collapse]Non-residential totalCounts 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.Click here to sortNon-residential totalCounts 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.[Collapse]Non-residential rental value (total)Click here to sortNon-residential rental value (total)
Click here to sortNon-residential purchase element up to and including £150,000Click here to sortNon-residential purchase element £150,001 to £225,000Click here to sortNon-residential purchase element £225,001 to £250,000Click here to sortNon-residential purchase element £250,001 to £1mClick here to sortNon-residential purchase element £1,000,001 to £2mClick here to sortNon-residential purchase element more than £2mClick here to sortNon-residential rental value (no purchase element)Click here to sortNon-residential rental value (purchase element)
[Collapse]2018-19146.60.10.30.212.67.941.773.210.00.510.5219.8
2018-19[Expand]April to June 2018-1931.4~Represents a value which rounds to zero, but is not zero0.1~Represents a value which rounds to zero, but is not zero2.81.78.415.62.60.12.747.0
[Expand]July to September 2018-1940.9~Represents a value which rounds to zero, but is not zero0.1~Represents a value which rounds to zero, but is not zero3.11.310.217.73.00.13.058.6
[Expand]October to December 2018-1943.5~Represents a value which rounds to zero, but is not zero0.1~Represents a value which rounds to zero, but is not zero3.72.411.319.62.00.12.163.1
[Expand]January to March 2018-1930.7~Represents a value which rounds to zero, but is not zero0.1~Represents a value which rounds to zero, but is not zero3.02.511.920.32.5*Represents a value that has been suppressed as it is not sufficiently large to present, or the tax due for a small number of transactions contributes to the majority of the cell value (dominance)2.851.1
[Collapse]2019-20158.40.20.20.212.58.534.568.711.31.312.5227.1
2019-20[Expand]April to June 2019-2034.6~Represents a value which rounds to zero, but is not zero0.1~Represents a value which rounds to zero, but is not zero2.81.65.114.14.50.14.648.7
[Expand]July to September 2019-2043.2~Represents a value which rounds to zero, but is not zero0.1~Represents a value which rounds to zero, but is not zero3.32.78.917.12.00.12.160.2
[Expand]October to December 2019-2044.7~Represents a value which rounds to zero, but is not zero0.1~Represents a value which rounds to zero, but is not zero3.62.311.420.32.80.22.965.0
[Expand]January to March 2019-2036.0*Represents a value that has been suppressed as it is not sufficiently large to present, or the tax due for a small number of transactions contributes to the majority of the cell value (dominance)0.1~Represents a value which rounds to zero, but is not zero2.91.99.217.22.01.03.053.2
[Collapse]2020-21155.40.10.20.110.47.432.658.16.90.47.3213.5
2020-21[Expand]April to June 2020-2117.2~Represents a value which rounds to zero, but is not zero~Represents a value which rounds to zero, but is not zero~Represents a value which rounds to zero, but is not zero1.41.25.68.90.7~Represents a value which rounds to zero, but is not zero0.726.2
[Expand]July to September 2020-2128.0~Represents a value which rounds to zero, but is not zero~Represents a value which rounds to zero, but is not zero~Represents a value which rounds to zero, but is not zero2.21.25.210.21.5~Represents a value which rounds to zero, but is not zero1.538.3
[Expand]October to December 2020-2152.5~Represents a value which rounds to zero, but is not zero0.1~Represents a value which rounds to zero, but is not zero3.52.111.218.81.50.41.871.3
[Expand]January to March 2020-2157.6~Represents a value which rounds to zero, but is not zero~Represents a value which rounds to zero, but is not zero~Represents a value which rounds to zero, but is not zero3.33.010.620.23.2~Represents a value which rounds to zero, but is not zero3.377.8
[Collapse]2021-22 (to date)113.30.2~Represents a value which rounds to zero, but is not zero~Represents a value which rounds to zero, but is not zero6.14.339.653.12.70.12.8166.4
2021-22 (to date)[Collapse]April to June 2021-2269.50.2~Represents a value which rounds to zero, but is not zero~Represents a value which rounds to zero, but is not zero3.72.424.833.32.20.12.2102.7
April to June 2021-22April 2021-2218.20.1*Represents a value that has been suppressed as it is not sufficiently large to present, or the tax due for a small number of transactions contributes to the majority of the cell value (dominance)~Represents a value which rounds to zero, but is not zero1.20.817.319.90.5*Represents a value that has been suppressed as it is not sufficiently large to present, or the tax due for a small number of transactions contributes to the majority of the cell value (dominance)0.538.0
May 2021-2217.6~Represents a value which rounds to zero, but is not zero*Represents a value that has been suppressed as it is not sufficiently large to present, or the tax due for a small number of transactions contributes to the majority of the cell value (dominance)~Represents a value which rounds to zero, but is not zero1.10.82.44.90.6*Represents a value that has been suppressed as it is not sufficiently large to present, or the tax due for a small number of transactions contributes to the majority of the cell value (dominance)0.622.6
June 2021-2233.7~Represents a value which rounds to zero, but is not zero*Represents a value that has been suppressed as it is not sufficiently large to present, or the tax due for a small number of transactions contributes to the majority of the cell value (dominance)~Represents a value which rounds to zero, but is not zero1.40.75.18.51.1*Represents a value that has been suppressed as it is not sufficiently large to present, or the tax due for a small number of transactions contributes to the majority of the cell value (dominance)1.242.1
[Collapse]July to September 2021-22 (to date)This only represents the quarter to date.43.9~Represents a value which rounds to zero, but is not zero~Represents a value which rounds to zero, but is not zero~Represents a value which rounds to zero, but is not zero2.51.914.819.80.5*Represents a value that has been suppressed as it is not sufficiently large to present, or the tax due for a small number of transactions contributes to the majority of the cell value (dominance)0.563.7
July to September 2021-22 (to date)This only represents the quarter to date.July 2021-2219.4~Represents a value which rounds to zero, but is not zero0.0~Represents a value which rounds to zero, but is not zero1.20.96.38.80.2*Represents a value that has been suppressed as it is not sufficiently large to present, or the tax due for a small number of transactions contributes to the majority of the cell value (dominance)0.328.2
August 2021-2224.5~Yn cynrychioli gwerth sy\’n talgrynnu i dim, ond sydd heb fod yn dim~Yn cynrychioli gwerth sy\’n talgrynnu i dim, ond sydd heb fod yn dim*Yn cynrychioli gwerth sydd wedi\'i atal gan nad yw\'n ddigon mawr i\'w gyflwyno, neu gan fod y dreth sy\’n daladwy ar gyfer nifer fechan o drafodiadau yn cyfrannu at y rhan fwyaf o werth y gell (goruchafiaeth)1.20.98.511.00.3*Yn cynrychioli gwerth sydd wedi\'i atal gan nad yw\'n ddigon mawr i\'w gyflwyno, neu gan fod y dreth sy\’n daladwy ar gyfer nifer fechan o drafodiadau yn cyfrannu at y rhan fwyaf o werth y gell (goruchafiaeth)0.335.5

Metadata

Title

Land Transaction Tax statistics, by transaction type, transaction value, measure and effective date

Last update

24 September 2021 24 September 2021

Next update

28 October 2021

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

Wales

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 20 September 2021.

The data in this release should be considered in the context of the coronavirus (COVID-19) pandemic. This had a significant impact on the number of property transactions and tax due during 2020-21. It therefore affects comparisons made between this period and the same period in 2019-20.

The national restrictions imposed on 23 March 2020 resulted in the housing market being mainly closed until it was partially re-opened on 22 June 2020. At that point, house viewings could take place in vacant properties along with house moves where a sale had been agreed but not yet completed. The market was then more fully opened on 27 July 2020 to coincide with a change in LTT rates on that date, at that time effective until 31 March 2021. On 3 March 2021, it was announced that the temporary tax reduction period would be extended by 3 months, to end on 30 June 2021.

Although there were further local and national restrictions introduced since the initial changes to LTT rates in July 2020, these appear to have had no impact on transaction counts.

There were further changes to LTT rates effective from 22 December 2020. Please note that some higher rates residential and non-residential transactions effective in December 2020 will have been charged at pre 22 December rates, and some at the post 22 December rates. We estimate around 100 higher rates and 10 non-residential transactions within those December 2020 data were charged at the post 22 December rates.

The dataset includes a breakdown by:
- transaction type: residential (including sub-categories for main rate and higher rate transactions), non-residential
- transaction value: values grouped into the different bands for which different rates are charged
- measure: number of transactions, tax due, value of property taxed
- effective date (month, quarter and year)

For some transactions we are unable to provide any detail other than the total tax due figure in the year, as there is a risk of revealing details of the individual transactions. Therefore, these transactions are omitted from all breakdowns and instead summarised here: https://statswales.gov.wales/Catalogue/Taxes-devolved-to-Wales/Land-Transaction-Tax/landtransactiontaxstatistics-tax-due-including-transactions-restricted-detail

Note that because the value bands differ for residential and non-residential transactions and so there is no viable band breakdown for the total across the two.

Note also that where a new non-residential lease is granted, there may be both a purchase element and a rental element. The rental elements are a different concept, shown separately, and not included in the non-residential or overall totals (which reflect the purchase elements only).


Data collection and calculation

See weblinks

Frequency of publication

Monthly

Data reference periods

Data are shown by the month, financial quarter (quarter 1 is April to June) and financial year (April to March) in which the transaction was effective. Where part quarters and years are shown, these are marked with the suffix "to date."

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.

Revisions information

Land Transaction Tax statistics are regularly revised and the values for the latest period are provisional. When filing a 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. Additional LTT transactions relating to the most recent month are therefore likely to be filed during the following month. See weblinks for analysis of these revisions.

Values for earlier periods are subject to revisions for several years. Transactions can be amended for a variety of reasons and the statistics are revised each month to reflect amendments to transactions. 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