This is a list of changes to the technical guidance. For current guidance, please follow the relevant links.
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| Guidance change location | Summary of change |
|---|---|
| On 3 April 2023, our postal address changed to: Welsh Revenue Authority, PO Box 108, Merthyr Tydfil, CF47 7DL. | |
| LTTA/6200 Effect of the WRA’s decision in relation to a deferral request 04/08/2023 |
Correction of an error. |
| LTTA/8100 An only or main residence 13/04/2023 |
Correction to a reference to case law. Amendments made in line with WRA’s communications approach and guidance. |
|
Land Transaction Tax relief for acquisitions by public bodies and health bodies: technical guidance |
Updated to reflect changes to public bodies for the purposes of relief for acquisitions by public bodies and health bodies. |
|
Calculation of Land Transaction Tax payable: technical guidance |
New guidance created for transitional provisions of LTT October 2022 main rates change (LTTA/3041). |
| Figures updated to reflect LTT October 2022 main rates change. | |
| Land Transaction Tax: differences to Stamp Duty Land Tax 10/10/2022 |
Figures updated to reflect LTT October 2022 main rates change. |
| Land Transaction Tax rates and bands 10/10/2022 |
Updated to reflect LTT October 2022 main rates change. |
|
LTTA/8080 Subsidiary dwelling exception |
Added missing term ‘equal’ to conditions when higher rates may not apply. |
|
LTTA/8080 Subsidiary dwelling exception |
Changed to highlight the need for a dwelling to be private and secure. |
| Change of layout. | |
|
LTTA/7039 Calculation of LTT liability: determining the tax related to the remaining consideration |
Change of layout. |
|
Land Transaction Tax interpretation provisions: technical guidance |
Change of layout. |
|
LTTA/1053 Garden and grounds |
Change of layout. |
| Land Transaction Tax rates and bands 04/02/2021 |
Updated to reflect changes to rates and bands announced in Welsh Government 2020 budget. |
| LTTA/4110 Calculation of relevant rent 04/02/2021 |
Updated to reflect changes to rates and bands announced in Welsh Government 2020 budget. |
| LTTA/4020 Calculation of tax chargeable 04/02/2021 |
Updated to reflect changes to rates and bands announced in Welsh Government 2020 budget. |
| Land Transaction Tax 21/12/2020 |
Updated to reflect changes to rates and bands announced in Welsh Government 2020 budget. |
| Land Transaction Tax rates and bands 21/12/2020 |
Updated to reflect changes to rates and bands announced in Welsh Government 2020 budget. |
| LTTA/8000 Higher rates for purchases of residential property 21/12/2020 |
Updated to reflect changes to rates and bands announced in Welsh Government 2020 budget. |
| LTTA/8091 Higher rates and linked transactions 21/12/2020 |
Example updated to reflect changes to rates and bands announced in Welsh Government 2020 budget. |
| LTTA/4020 Calculation of tax chargeable 21/12/2020 |
Example updated to reflect changes to rates and bands announced in Welsh Government 2020 budget. |
| LTTA/4100 Agreements for lease, assignments and variations 21/12/2020 |
Example updated to reflect changes to rates and bands announced in Welsh Government 2020 budget. |
| LTTA/5140 Transactions involving transfers to a partnership 21/12/2020 |
Example updated to reflect changes to rates and bands announced in Welsh Government 2020 budget. |
| LTTA/5170 Transactions involving transfers from a partnership 21/12/2020 |
Example updated to reflect changes to rates and bands announced in Welsh Government 2020 budget. |
| LTTA/6230 Calculation of deferrable amount 21/12/2020 |
Example updated to reflect changes to rates and bands announced in Welsh Government 2020 budget. |
| LTTA/7084 Charity is a qualifying charity: charity to hold the greater part of the land for charitable purposes 21/12/2020 |
Example updated to reflect changes to rates and bands announced in Welsh Government 2020 budget. |
| LTTA/7086 Withdrawal of partial charities relief 21/12/2020 |
Example updated to reflect changes to rates and bands announced in Welsh Government 2020 budget. |
| LTTA/7038 Calculation of LTT liability: Determining the tax related to consideration attributable to dwellings 21/12/2020 |
Example updated to reflect changes to rates and bands announced in Welsh Government 2020 budget. |
| LTTA/7039 Calculation of LTT liability: Determining the tax related to consideration attributable to dwellings 21/12/2020 |
Example updated to reflect changes to rates and bands announced in Welsh Government 2020 budget. |
| LTTA/3010 Rates of tax 21/12/2020 |
Removed reference to previous rates and bands. |
| LTTA/3020 Tax chargeable 21/12/2020 |
Example updated to reflect changes to rates and bands announced in Welsh Government 2020 budget. |
| LTTA/3030 Tax chargeable – linked transactions 21/12/2020 |
Updated to reflect changes to rates and bands announced in Welsh Government 2020 budget |
|
LTTA/8001 Transitional guidance for the December 2020 higher rates change |
New guidance created to deal with transitional provisions of Welsh Government 2020 budget. |
|
LTTA/7039 Calculation of LTT liability: Determining the tax related to the remaining consideration |
Figures updated to reflect LTT July 2020 main rates change. |
| Figures updated to reflect LTT July 2020 main rates change. | |
|
LTTA/6110 Duty to make a return – return as a result of a later linked transaction |
Figures updated to reflect LTT July 2020 main rates change. |
|
LTTA/3020 Tax Chargeable |
Figures updated to reflect LTT July 2020 main rates change. |
|
LTTA/8020 The higher rates conditions for individuals |
Figures updated to reflect LTT July 2020 main rates change. |
|
Land Transaction Tax: differences to Stamp Duty Land Tax |
Figures updated to reflect LTT July 2020 main rates change. |
|
LTTA/2370 Sale of land with associated construction etc. contract |
Reordering and simplification of content; new examples added. |
|
LTTA/8110 Sale of former main residence before buying new main residence |
Removal of reference to transitional arrangements. |
|
LTTA/8090 Replacement of main residence |
Removal of reference to transitional arrangements. |
|
LTTA/8080 Subsidiary dwelling exceptions |
New example added; clarification on method of valuation. |
|
LTTA/7016 Sale and leaseback relief |
Addition of examples where the relief would not be available. |
|
LTTA/2360 Partitions-disregard of existing interest |
Rewrite of guidance on partitions; addition of examples where the circumstances do not meet those of a partition. |
|
LTTA/8120 Sale of former main residence after buying new main residence |
Clarification that the transaction must involve disposal of a major interest in the buyer's former main residence. |
| LTTA/2040 Linked transactions 01/10/2019 |
Paragraph added to clarify where linked transactions do not apply. |
|
LTTA/8120 Sale of former main residence after buying new main residence |
Added link to LTTA/8090. |
|
LTTA/8110 Sale of former main residence before buying new main residence |
Added link to LTTA/8090. |
|
LTTA/8090 Replacement of main residence |
Clarity on 3-year rule. |
| Guidance on higher rates repayment. | |
| Change in section header. | |
|
LTTA/5280 Settlement trusts: acquisitions by trustees |
Addition of section to clarify deemed buyers and deemed sellers. |
|
LTTA/8120 Sale of former main residence after buying new main residence |
Addition of wording on garden and grounds. |
|
LTTA/8110 Sale of former main residence before buying new residence |
Addition of wording on garden and grounds. |
|
15 Relief for first-time buyers (section 57B and Schedule 6ZA FA2003) |
Rewrite of section on no first-time buyer's relief in Wales. |
|
LTTA/2090 Return obligations for cross-border transactions |
Clarity on cross-title transactions. |
| LTTA/2340 Goodwill 05/09/2019 |
Removal of erroneous sentence in relation to goodwill. |
| LTTA/1050 Meaning of residential property 05/09/2019 |
Creation of new sections 1051, 1052 and 1053; addition of principles from LTTA/8080. |
|
LTTA/8080 Subsidiary dwellings |
Rewrite of the subsidiary dwellings guidance; addition of new principles and diagrams. |
| LTTA/4100 Agreements for lease, assignments and variations 19/07/2019 |
Update to existing example and addition of new example. |
| LTTA/1120 Meaning of land 21/06/2019 |
Removal of reference to fixtures and fittings. |
| LTTA/4080 Rent for calculation of net present value 17/06/2019 |
Fuller explanation of NPV and addition of a third example to cover a lease over a 10-year period. |
| LTTA/4020 Calculation of tax chargeable 17/06/2019 |
Added line to link to LTTA/4080. |
| LTTA/8020 The Higher Rates Conditions 11/06/2019 |
New introduction and creation of new section LTTA/8021. |
| LTTA/4040 Successive leases 10/06/2019 |
The first 2 sections of this guidance have been swapped and a new introduction have been added. |
| LTTA/6110 Duty to make a return – return as a result of a later linked transaction 10/06/2019 |
Updated example and clarification on effective date of transaction. |
| LTTA/2230 Examples 10/06/2019 |
Addition of new example (5) on sub-sales and linked transactions. |
| LTTA/2210 Outline of legislation 10/06/2019 |
Addition of outline of paragraph 14 of the legislation. |
| LTTA/6030 Exceptions to the notifiable transactions rules 15/05/2019 |
Change of title from ‘freehold’ to 'transactions not involving a lease’. |
| LTTA/1050 Meaning of residential property 30/04/2019 |
Revision of guidance on garden and grounds; some minor textual changes and addition of suggested tests to enable practitioners to better determine whether or not land forms part of garden and grounds. |
| LTTA/4020 Calculation of tax chargeable 16/04/2019 |
Clarify the calculation of NPV on the basis of the term of the lease. |
| LTTA/8160 Spouses and civil partners buying alone 27/03/2019 |
Rewording to reflect position with regard to spouses and civil partners. |
| LTTA/8020 The higher rates conditions 27/03/2019 |
Addition of 4th example on spouses and civil partners. |
| LTTA/2450 Annuities 05/03/2019 |
Clarify interaction between annuities and deferrals. |
| LTTA/Transitional guidance on the introduction of Land Transaction Tax 04/02/2019 |
Addition of Item 5 and accompanying introduction. |
| LTTA/5170 Transactions involving transfers from a partnership 04/02/2019 |
Minor amendment to the steps in calculating the sum of lower proportions (SLP). |
| LTTA/4020 Calculation of tax chargeable 28/01/2019 |
New section on reversionary leases. |
| LTTA/6200 Effect of the WRA’s decision in relation to a deferral request 17/01/2019 |
Paragraph added to update policy position on uncertain consideration, and new example added to illustrate this. |
| LTTA/6160 Deferral of Tax – Contingent or uncertain consideration 17/01/2019 |
Sentence added to encourage users to consult the new guidance at LTTA/2440. |
| LTTA/2440 Contingent, uncertain or unascertained consideration 17/01/2019 |
Guidance rewritten to provide clearer explanation of contingent, uncertain and unascertainable consideration. One example removed; others updated. |
| LTTA/4090 Variable and uncertain rent: calculation of net present value 14/01/2019 |
Factual inaccuracy corrected. |
| LTTA/7056 Shared ownership leases 14/01/2019 |
Paragraph added to guidance on staircasing transactions to clarify the position of market value elections where the taxpayer does not wish to staircase in future. |
| LTTA/4050 Rent for overlap period in case of grant of further lease 11/01/2019 |
A new section to clarify the meaning of ‘substantially the same’ in this context has been added. |
| LTTA/8091 Higher rates and linked transactions 11/01/2019 |
A new section has been added to describe how the higher rates provisions interact with linked transactions. |
| LTTA/1120 Meaning of land 11/01/2019 |
The section on ‘meaning of land’ has been updated to account for caravans, mobile homes and houseboats. |
| LTTA/2010 Land transactions and chargeable interests 11/01/2019 |
A link to the guidance on fixtures and fittings (LTTA/2261) has been added. |
| LTTA/8170 Property adjustment on divorce, dissolution of civil partnership, etc. 11/12/2018 |
The guidance on court orders has been updated. |
| LTTA/4050 Rent for overlap period in case of grant of further lease and LTTA/4060 Tenant holding over: new lease backdated to previous year 05/12/2018 |
The 5 examples to accompany the guidance on ‘overlap relief: rent taken into account’ have been moved from LTTA/4060 to the correct location in LTTA/4050. |
| LTTA/4100 Agreements for lease, assignments and variations 05/12/2018 |
Clarity around the lease start date has been provided. |
| LTTA/4060 Tenant holding over: new lease backdated to previous year 05/12/2018 |
Clarity around the lease start date and the effective date of the transaction has been provided. |
| LTTA/4030 Duration of Leases and overlapping leases: fixed terms, continuing leases, grant of new lease, indefinite terms, successive leases, etc. 05/12/2018 |
Under the guidance for ‘leases that continue after a fixed term: grant of a new lease’, clarity around the lease start date has been provided. |
| LTTA/4070 Rent and other consideration- lease specific consideration rules 05/12/2018 |
Minor change to say that, where ‘rent’ does not include consideration payable before a new lease is granted, in most circumstances (rather than in some circumstances) such payments prior to the grant of the lease may be taxed as a premium. |
| LTTA/6160 Deferral of tax-Contingent or uncertain consideration 29/11/2018 |
Addition of link to LTTA/6230 Calculation of deferrable amount. |
| Differences between LTT and SDLT 27/11/2018 |
New table detailing the key differences between the 2 taxes. |
| GAAR 23/11/2018 |
Update to our guidance on the General Anti-Avoidance Rule and the role of the WRA Tax Opinions Service. |
| How to pay Land Transaction Tax 23/11/2018 |
Update to reflect the correct BACS payment process schedule. |
| LTTA/8080 Subsidiary dwellings 26/11/2018 |
Clarification on references to ‘subsidiary dwellings’ and associated valuations, with accompanying updates to the examples. |
| LTTA/2261 Fixtures and fittings 27/11/2018 |
New section with guidance on ‘fixtures and fittings’. |
| LTTA/2260 Chargeable consideration, LTTA/2270 Money or money’s worth 27/11/2018 |
Definition of chargeable consideration moved from LTTA/2270 to correct location in LTTA/2260. |
| LTTA/8150 Interest acquired in the same main residence 23/11/2018 |
Addition of reference to ‘spouse or civil partner’. |
| LTTA/1040 Meaning of effective date transaction 23/11/2018 |
Update and clarification to existing process with addition of internal links. |
| LTTA/8020 The higher rates conditions 23/11/2018 |
Addition of reference to ‘spouse or civil partner’ and addition of condition around chargeable consideration with internal link. |
| LTTA/2350 Exchanges 23/11/2018 |
Removal of reference to ‘connected persons’. |
| LTTA/8250 Partnerships-interests acquired by a partner 14/11/2018 |
Update to internal link. |