Land Transaction Tax - Welsh property transactions after 1 April 2018

6th February 2018

Stamp Duty Land Tax (SDLT) is being replaced by Land Transaction Tax (LTT) in Wales from 1 April 2018.


From then onwards, returns for land transactions in Wales will be filed with the Welsh Revenue Authority, rather than HM Revenue and Customs.

Whilst much of the legislation is similar between SDLT and LTT, there are important changes to be aware of, in particular the rates and bands that will apply to Welsh land transactions.

The Welsh Assembly expect that the property tax return will generally be completed by the professional body (solicitor, conveyancer or other similar professional body) who is managing the conveyancing transaction. At the time of writing this the Welsh Assembly have yet to confirm their views on working with legal software providers to provide integration with legal software that currently supports submission Stamp Duty Land Tax returns using validated data from Case Management.

In order to file a Land Transaction Return in Wales online from 1 April 2018, conveyancers will need to register for an account with Welsh Revenue Authority (there will be an online registration form).

Registration is expected to be open in late February 2018 and we are told that guidance will be published to assist you in the registration process along with a dedicated Welsh Revenue Authority helpdesk.

Land Transaction Tax Guidance on the tax rules, for use with transactions from 1 April 2018, are expected between late February and 31 March 2018. 

Any queries on Stamp Duty Land Tax in Wales up to and including 31 March 2018 should be directed to HMRC. recommend that conveyancers register to receive our newsletter to receive information on Land Transaction Tax progress over the coming weeks.

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