Land transaction tax

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FORTHCOMING CHANGE: The Welsh Government consulted on proposals relating to LTT reliefs including the abolition of LTT multiple-dwellings relief, abolition of relief in respect of purchases of six or more dwellings in a single transaction and the extension of existing relief to Welsh local authorities when purchasing property for social housing purposes. The consultation closed on 19 May 2024. The Welsh Government published its summary of responses to the consultation stating that they ‘will continue to undertake work to assess the potential impacts, benefits and costs of options related to LTT reliefs’ and that an update on plans regarding LTT reliefs will be provided in due course.

CORONAVIRUS (COVID-19): There is a delay in processing correspondence (including returns and cheques) sent by post to the Welsh Revenue Authority (WRA) on or after 18 March 2020. Online services are largely unaffected by COVID-19 so the WRA recommends that taxpayers use their online services. Contact the WRA helpdesk before sending any correspondence by post. See: How to pay LTT.

FORTHCOMING CHANGE relating to LTT rates: The Welsh government consulted on considerations relating to a

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Latest Tax News

Tax weekly highlights—4 September 2025

This week's edition of Tax weekly highlights includes: (1) 26 November 2025 announced as Budget date, (2) News Analysis articles published on FTT decisions in Lexgreen Services and Tinkler, and (3) new HMRC guidance published on reserved investor fund notifications.

Preliminary decision of FTT finds closure notices had wide scope allowing HMRC to raise alternative arguments in the substantive litigation (Tinkler v HMRC)

Tax analysis: In Tinkler v HMRC, the First-tier Tax Tribunal (FTT) in a preliminary decision considered the taxpayer’s application for it to decide that HMRC was prevented by the scope of its closure notices from raising two alternative arguments in the appeal. The FTT decided in favour of HMRC in relation to both arguments.

FTT considers the meaning of life (Lexgreen Services Ltd v HMRC)

Tax analysis: In Lexgreen Services Ltd v HMRC, the First-tier Tax Tribunal (FTT) held that a company can be liable for inheritance tax under section 201(1)(d) of the Inheritance Tax Act 1984 (IHTA 1984) if that company is a ‘live company’ at the time of the relevant transfer.

Tax weekly highlights—28 August 2025

This week's edition of Tax weekly highlights includes: (1) Agent Update: Issue 134 and (2) News Analysis on the FTT’s decision in John Jones Civil Engineering & Groundworks Ltd v HMRC.

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