Houses on a modern estate

Consultation on Land Transaction Tax

17 January, 2024

The Welsh Government has issued a public consultation on proposals to amend Land Transaction Tax (LTT).

The proposed amendments would extend the current three year period for refunds or exception from LTT Higher Residential Rates in 'relevant circumstances'' – broadly where a transaction is either impeded by fire safety defects or prevented due to emergency restrictions.

The Welsh Government website provides an overview of the consultation, along with the consultation document which contains specific questions posed by the Welsh Government.

Comments and input from members on the proposals would be very welcome by 1 March 2024 - please contact us to provide your thoughts.