Land Transaction Tax statistics: October to December 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 December.

Organisations have 30 days after the date of the transaction to report them to the WRA.

Key points

This release outlines provisional estimates for December and revised estimates for April to November.

They provide a snapshot summary of LTT notifiable transactions received by the close of 21 January.

For notifiable LTT transactions with an effective date in October to December:

• 17,280 reported notifiable LTT transactions, with a total of £66.5 million tax due.
• 12,060 residential LTT transactions at the main rate, with 3,600 residential LTT transactions at the higher rate, covering a total of £47.2 million tax due when combined, and
• 1,620 non-residential LTT transactions resulting in £19.3 million tax due.
• These figures represent an increase over the equivalent figures for July to September 2018. This was driven by rises in transactions for both the residential and non-residential sectors, in particular the monthly peak to-date in November for residential transactions.