Land Transaction Tax statistics on total tax due, including transactions with restricted detail (to protect confidentiality)
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Title
Land Transaction Tax statistics on total tax due, including transactions with restricted detail (to protect confidentiality)Last update
20 December 2024Next update
30 January 2025Publishing organisation
Welsh Revenue AuthoritySource 1
Land Transaction Tax returns, Welsh Revenue AuthorityContact email
data@wra.gov.walesDesignation
NoneLowest level of geographical disaggregation
WalesGeographical coverage
WalesLanguages covered
English and WelshData 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-licenceWeblinks
https://gov.wales/land-transaction-tax-statisticshttps://gov.wales/quality-information-land-transaction-tax-statistics
https://gov.wales/funding/fiscal-reform/welsh-taxes/land-transaction-tax
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 16 December 2024.
The dataset includes a breakdown by:
- transaction type: residential, non-residential
- total tax due, including transactions with restricted detail
- effective 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. These are rounded to the nearest million pounds for additional protection, and should only be included if seeking a value for total LTT revenue in the year.
Data collection and calculation
See weblinksFrequency of publication
MonthlyData 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."Please note the latest financial year 2022-23 is not yet included for additional transactions with reduced detail. This is because there is still time for additional transactions to be reported and a risk of disclosure via successive publication of small numbers. The figure will be added in July 2023 as part of our annual release when the chance of further transactions is considered sufficiently low.
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 £0.1 million, and nearest £1 million for additional transactions shown with restricted detail.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.
