From 1 April 2018, the land transaction tax replaced the stamp duty land tax in Wales1.
As with stamp duty land tax, the rates of land transaction tax generally depend upon whether the property is residential or non-residential/mixed use2. At the date at which this volume states the law, where the relevant land consists entirely of residential property, the rate of tax is ('Table 1'):
(1) zero, up to £180,000 ('zero rate band');
(2) 3.5%, on the next £70,000 (that is, the portion from £180,001 to £250,000) ('first tax band');
(3) 5%, on the next £150,000 (that is, the portion
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