QuoteXpress Blog

Nil rate band of Land Transaction Tax raised to £250,000

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The Welsh Government has announced a temporary increase to the nil rate band of Land Transaction Tax (LTT) for residential property transactions to £250,000.

The new rates will be effective between 27th July 2020 and 31st March 2021 (inclusive) have been set as:

Price Threshold Main Residential Rate
The portion up to and including £250,000 0%
The portion over £250,000 up to and including £400,000 5%
The portion over £400,000 up to and including £750,000 7.5%
The portion over £750,000 up to and including £1,500,000 10%
The portion over £1,500,000 12%

The QuoteXpress platform has been updated to account for the new LTT rates - ensuring that our platform continues to support conveyancing firms wishing to provide instant, accurate and transparent conveyancing quotations.

More information on the changes can be found on gov.wales.

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