Welsh LTT residential rates stale (missing 10 October 2022 main and 11 December 2024 higher-rate changes)

[MaxGhenis]

Summary

PolicyEngine-UK's Welsh Land Transaction Tax (LTT) residential rate schedules are stale. Both the main and higher residential schedules predate the changes that took effect on 10 October 2022 (main rates) and 11 December 2024 (higher rates).

Current values in PolicyEngine-UK 2.89.2

gov.wra.land_transaction_tax.residential.primary — latest thresholds/rates carry the pre-October-2022 schedule (nil-rate band £180,000, then 3.5% / 5% / 7.5% / 10% / 12%).

gov.wra.land_transaction_tax.residential.higher_rate — latest rates are the 2020-12-22 schedule (4% / 7.5% / 9% / 11.5% / 14% / 16%).

Correct values

Main residential rates (from 10 October 2022):

• 0% up to £225,000
• 6% £225,000–£400,000
• 7.5% £400,000–£750,000
• 10% £750,000–£1,500,000
• 12% above £1,500,000

Higher residential rates (from 11 December 2024):

• 5% up to £180,000
• 8.5% £180,000–£250,000
• 10% £250,000–£400,000
• 12.5% £400,000–£750,000
• 15% £750,000–£1,500,000
• 17% above £1,500,000

Source: gov.wales Land Transaction Tax rates and bands; the current consolidated schedule is in The Land Transaction Tax (Tax Bands and Tax Rates) (Wales) Regulations 2018 (WSI 2018/128) as amended (in force at the 2026-06-30 expression on legislation.gov.uk).

Impact

land_transaction_tax under-/mis-states the Welsh residential charge for most transactions above £180,000 (main) and all additional-property transactions.