The Land Transaction Tax (Tax Bands and Tax Rates) (Wales) (Amendment) Regulations, SI 2020/1618, introduce a 1% increase in percentage tax rates in respect of higher rate residential property transactions and a 50% uplift in the zero-rate bands for non-residential property transactions. The changes apply where the effective date of the transaction falls on or after 22 December 2020 (with transitional rules covering transactions started before but completing after that date).
The Land Transaction Tax (Tax Bands and Tax Rates) (Wales) (Amendment) Regulations, SI 2020/1618, introduce a 1% increase in percentage tax rates in respect of higher rate residential property transactions and a 50% uplift in the zero-rate bands for non-residential property transactions. The changes apply where the effective date of the transaction falls on or after 22 December 2020 (with transitional rules covering transactions started before but completing after that date).
