Propertymark comments on the new Land Transaction Tax bands in Wales

Mark Hayward, Chief Executive, NAEA Propertymark comments on the new Land Transaction Tax bands in Wales, which come into effect on Monday (2^nd April):

“We’re pleased that the Welsh Government has listened to our proposals and next week will be introducing new land transaction tax (LTT) bands in Wales; house buyers will really feel the difference of these changes. For buyers at the lower end of the market, the new bandings mean they won’t pay any land transaction on properties worth up to £180,000; this is the value of the average house price in Wales.”

Kindly shared by NAEA Propertymark