Our annual Land Transaction Tax (LTT) statistics provide a greater level of detail, including analysis within Wales.

Organisation:

Please note:

  • Monthly statistics are data-only updates with no commentary
  • Quarterly statistics include the latest statistical commentary
  • Annual statistics present a greater level of detail, including analysis within Wales and analysis using the Welsh Index of Multiple Deprivation.

Monthly, quarterly and annual statistics can be found on the Land Transaction Tax series page.

This release presents a snapshot summary of LTT notifiable transactions received by the close of 17 June 2019. 

Organisations have 30 days after the date of the transaction to report them to the WRA. All transactions with an effective date in April 2018 to March 2019 should now have been notified to the WRA.

Data for 2018-19 may be revised in future to account for any amendments to transactions. This will be mainly due to refunds of residential higher rates being made for the next few years (for transactions with an effective date in April 2018 to March 2019).

Key points 

Transactions and tax due

For reported notifiable LTT transactions with an effective date in April 2018 to March 2019:

  • 61,750 transactions and £226.9 million tax due;
     
  • 55,660 residential LTT transactions with £154.5 million tax due; 
    • of which, £59.1 million additional revenue was raised from the higher rates of the residential tax; and
       
  • 6,090 non-residential LTT transactions resulting in £72.5 million tax due.

Analysis within Wales

For the first time, we have published annual statistics for April 2018 to March 2019 by local authority:

  • For residential transactions, the average tax due per transaction was highest in Monmouthshire (£6,640), whilst for non-residential transactions, this figure was highest in Cardiff (£31,570).

  • For residential transactions, the average property value per transaction was highest in Monmouthshire (£274,000) and lowest in Blaenau Gwent (£102,200).

  • Higher rates transactions as a percentage of all residential transactions varied between 16% in Torfaen and 37% in Gwynedd.

It is important to note that residential transactions can be subject to the higher rates for a variety of reasons, including:  

  • the purchase of buy-to-let properties;
  • second homes or holiday homes;  
  • bridging between two properties; and
  • purchases by companies, such as social housing providers.  

Furthermore, it should be noted that LTT statistics include only properties sold in the past year. These statistics do not, therefore, represent the full stock of properties in a local authority.

For the first time, we have also published analysis by the level of deprivation.

This analysis uses the Welsh Index of Multiple Deprivation (WIMD).

Data

Datasets and interactive tools

Land Transaction Tax (LTT) statistics: April 2018 to March 2019
, file type: XLSX, file size: 2 MB

XLSX
2 MB
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Contact

Dave Jones

Tel: 03000 254 729

Media

Tel: 03000 254 770