Land transaction tax

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 local variation of LTT rates for

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Property weekly highlights—19 December 2024

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