Land Transaction Tax statistics: July to September 2018

This statistical release presents official statistics for Land Transaction Tax.

These initial estimates are provisional. We will revise these estimates in the next statistics publication. This is because organisations are still able to report further transactions for September. Organisations have 30 days after the date of the transaction to report them to the WRA.

Key points

This release outlines provisional estimates for September and revised estimates for April to August. They provide a snapshot summary of LTT notifiable transactions received by the close of 15 October.

For notifiable LTT transactions with an effective date in July to September:

• 16,050 reported notifiable LTT transactions, with a total of £61.5 million tax due
• 11,240 residential LTT transactions at the main rate, with 3,440 residential LTT transactions at the higher rate, covering a total of £44.6 million tax due when combined, and
• 1,370 non-residential LTT transactions resulting in £16.9 million tax due.
• These figures represent an increase over the equivalent figures for April to June 2018. This is largely due to the increase in residential sales that is usually observed during summer months (i.e. seasonal factors).