The rates of tax applicable to non- residential-property transactions were set by the Land Transaction tax (Tax Bands and Tax Rates) (Wales) Regulations 2018 (WSI 2018/128), reg. 3 and Sch and revised by the Land Transaction tax (Tax Bands and Tax Rates) (Wales) (Amendment) Regulations 2020 (WSI 2020/1618).

The rates are shown in the following Tables.

Applicable from 22 December 2020 (subject to transitional provisions, for which see below):

Tax band

Relevant consideration

Percentage rate of tax

Zero-rate band

First £225,000

0

First tax band

Next £25,000

1

Second tax band

Next £750,000

5

Third tax band

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