Skip to content
As the demand increases for statistics and data to measure the impact of the COVID-19 pandemic, we have had to change our data gathering and release practices, focussing efforts on priority analysis and statistics. https://gov.wales/statistics-and-research
Data Provider: Welsh Revenue Authority Land Transaction Tax statistics on reliefs by measure and transaction type
None
[Collapse]Impact on taxDoes the relief claimed impact the tax due?[Filtered]
-
Impact on tax 1[Filter]
[Collapse]PeriodData are shown by the financial quarter (quarter 1 is April to June) and financial year (April to March) in which the transaction was effective.  Where part years are shown, these are marked with the suffix \'to date.\'[Filtered]
-
Period 1[Filtered]
Measure2
[Collapse]Transaction typeTransaction type[Filter]
-
Transaction type 1
MeasureThe measures presented here relate to the count of transactions with a relief applied, an estimate of the tax relieved and the total tax due on those transactions after the reliefs are applied.[Filter]
[Collapse]Relief typeThis is a grouping of the reliefs into the largest four categories and all other reliefs.[Filter]
-
-
Relief type 1
[Collapse]All transactionsClick here to sortAll transactions
Click here to sortResidentialClick here to sortNon-residential
Number of transactions[Collapse]All reliefs24070310
All reliefsCharities relief602080
Group relief503080
Social housing relief10*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)10
Multiple dwellings relief401050
All other reliefs801090
Tax due (£ million)This is the total tax due after the reliefs have been applied.[Collapse]All reliefs0.60.10.7
All reliefsCharities relief~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 sy\’n talgrynnu i dim, ond sydd heb fod yn dim
Group relief~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 sy\’n talgrynnu i dim, ond sydd heb fod yn dim
Social housing relief~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)~Yn cynrychioli gwerth sy\’n talgrynnu i dim, ond sydd heb fod yn dim
Multiple dwellings relief0.60.10.7
All other reliefs~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 sy\’n talgrynnu i dim, ond sydd heb fod yn dim
Value of tax relieved (£ millions)[Collapse]All reliefs3.25.08.2
All reliefsCharities relief0.31.41.7
Group relief0.93.14.0
Social housing relief0.1*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)0.3
Multiple dwellings relief0.8~Yn cynrychioli gwerth sy\’n talgrynnu i dim, ond sydd heb fod yn dim0.8
All other reliefs1.20.31.5

Metadata

Title

Land Transaction Tax statistics, by relief type, transaction type, impact on tax, measure and effective year and quarter

Last update

29 October 2020 29 October 2020

Next update

January 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 19 October 2020.

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

The national lockdown imposed on 23 March 2020 resulted in the housing market being mainly closed until it was partially re-opened on 22 June. At that point, house viewings could take place in vacant properties along with house moves where a sale has been agreed but not yet completed. The market was then more fully opened on 27 July to coincide with a change in LTT rates effective until 31 March 2021. Although there were some further local lockdowns imposed towards the end of the period reported in this release (end September 2020), these do not appear to have had any significant impact on transaction counts.

The dataset focuses on the transactions subject to a relief only and includes a breakdown by:
- relief type: the four main categories of relief plus an ‘other’ category making up the rest
- transaction type: residential, non-residential
- transaction description: conveyance / transfer of ownership, granting a new lease, assignment of lease
- impact on tax due: yes, no
- measure: number of transactions, estimates of the value of tax relieved due, and the tax due on the transactions
- effective quarter and year

Reliefs can be claimed on both residential and non-residential properties. Reliefs reduce the amount of tax due when certain conditions are met. Multiple reliefs can be applied to a single transaction and reliefs may reduce the tax due to zero (known as a full relief) or by a certain percentage or amount (known as a partial relief).

Previously, we excluded linked and relieved transactions from this dataset. This was so that we could carry out further analysis on these transactions. We have now carried out this analysis and have a reasonable level of confidence in the quality of these data. We have now added linked and relieved transactions into this dataset, revising all data back to April 2018. This has added around 60 to 70 relieved transactions each quarter, and an average of £4 million to £5 million each quarter in reliefs.

Reliefs are sometimes claimed where they have no impact on the tax due. These can be viewed separately in this dataset and many of them have been reported unnecessarily by the organisations completing the tax returns. As an example, some of these apply to low value residential transactions. Indications are that they are due to a perceived but mistaken need to claim first time buyer relief (which applies for the predecessor tax, but not to Land Transaction Tax). This is known following queries raised with several agents asking why tax reliefs have been claimed where there is no impact on value of the tax. Further information about this category of reliefs is provided in the example 4 in the key quality information found in the weblinks.

That example also describes some adjustments that have been made to more correctly identify the value of tax relieved associated with these transactions. Further adjustments are expected in future, and so the numbers shown here for reliefs where there is no impact on tax due are likely to be revised in future.


Data collection and calculation

See weblinks

Frequency of publication

Quarterly

Data reference periods

Data are shown by the financial quarter (quarter 1 is April to June) and financial year (April to March) in which the transaction was effective. Where part 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, and the nearest £0.1 million for tax relieved and tax due.

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.

Statistical quality

See weblinks

Keywords

Land Transaction Tax; LTT; Tax