Property Taxation

Question 1

Does the first-time buyers’ relief for residential properties apply in Wales?

Answer 1

No - there is no relief under LTT for first-time buyers.

Question 2

What is the threshold for paying SDLT on the purchase of a residential property?

Answer 2

£250,000 (up to £250,000, no SDLT is paid)

Question 3

What is the threshold for paying SDLT on non-residential/commercial property?

Answer 3

£150,000 (up to £150,000, no SDLT is paid).