
1 

(1) The title of these Regulations is the Land Transaction Tax (Tax Bands and Tax Rates) (Wales) Regulations 2018.
(2) These Regulations come into force on 1 April 2018.
2 

(1) Subject to paragraph (2), these Regulations have effect in relation to any chargeable transaction  with an effective date on or after 1 April 2018.
(2) These Regulations do not have effect in relation to any chargeable transaction that is subject to the Land Transaction Tax (Temporary Variation of Rates and Bands for Residential Property Transactions) (Wales) Regulations 2020.
3 
The Schedule to these Regulations specifies the tax bands and percentage tax rates for the purposes of section 24(1) of, and paragraph 28(1) of Schedule 6 to, the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017—
(a) Table 1 specifies the tax bands and percentage tax rates for each band for residential property transactions;
(b) Table 2 specifies the tax bands and percentage tax rates for each band for higher rates residential property transactions;
(c) Table 3 specifies the tax bands and percentage tax rates for each band for non-residential property transactions; and
(d) Table 4 specifies the tax bands and percentage tax rates for each band for transactions where the chargeable consideration consists of rent.
Mark Drakeford

Cabinet Secretary for Finance, one of the Welsh Ministers

SCHEDULE

Regulation 3

Table 1
Tax band Relevant consideration Percentage tax rate
Zero rate band Not more than £225,000 0%
First tax band More than £225,000 but not more than £400,000 6%
Second tax band More than £400,000 but not more than £750,000 7.5%
Third tax band More than £750,000 but not more than £1,500,000 10%
Fourth tax band More than £1,500,000 12%

Tax band Relevant consideration Percentage tax rate
First tax band Not more than £180,000 5%
Second tax band More than £180,000 but not more than £250,000 8.5%
Third tax band More than £250,000 but not more than £400,000 10%
Fourth tax band More than £400,000 but not more than £750,000 12.5%
Fifth tax band More than £750,000 but not more than £1,500,000 15%
Sixth tax band More than £1,500,000 17%
Tax band Relevant consideration Percentage tax rate
Zero rate band Not more than £225,000 0%
First tax band More than £225,000 but not more than £250,000 1%
Second tax band More than £250,000 but not more than £1,000,000 5%
Third tax band More than £1,000,000 6%
Tax band Relevant consideration Percentage tax rate
NRL zero rate band Not more than £225,000 0%
First tax band More than £225,000 but not more than £2,000,000 1%
Second tax band More than £2,000,000 2%