Land Transaction Tax statistics for higher rate refunds, by effective date

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Data valuesData descriptionPeriod
130Number of transactionsApril 2018-19
0.9Refunded higher rates tax (£ millions)April 2018-19
170Number of transactionsMay 2018-19
1.1Refunded higher rates tax (£ millions)May 2018-19
170Number of transactionsJune 2018-19
1.3Refunded higher rates tax (£ millions)June 2018-19
460Number of transactionsQ1 2018-19
3.3Refunded higher rates tax (£ millions)Q1 2018-19
180Number of transactionsJuly 2018-19
1.4Refunded higher rates tax (£ millions)July 2018-19
1.6Refunded higher rates tax (£ millions)August 2018-19
210Number of transactionsAugust 2018-19
4.4Refunded higher rates tax (£ millions)Q2 2018-19
580Number of transactionsQ2 2018-19
1.4Refunded higher rates tax (£ millions)September 2018-19
180Number of transactionsSeptember 2018-19
1.3Refunded higher rates tax (£ millions)October 2018-19
170Number of transactionsOctober 2018-19
190Number of transactionsNovember 2018-19
1.7Refunded higher rates tax (£ millions)November 2018-19
180Number of transactionsDecember 2018-19
1.4Refunded higher rates tax (£ millions)December 2018-19
550Number of transactionsQ3 2018-19
4.4Refunded higher rates tax (£ millions)Q3 2018-19
120Number of transactionsJanuary 2018-19
0.9Refunded higher rates tax (£ millions)January 2018-19
110Number of transactionsFebruary 2018-19
0.8Refunded higher rates tax (£ millions)February 2018-19
15.0Refunded higher rates tax (£ millions)2018-19
1,980Number of transactions2018-19
1.2Refunded higher rates tax (£ millions)March 2018-19
160Number of transactionsMarch 2018-19
2.9Refunded higher rates tax (£ millions)Q4 2018-19
390Number of transactionsQ4 2018-19
1.3Refunded higher rates tax (£ millions)April 2019-20
160Number of transactionsApril 2019-20
180Number of transactionsMay 2019-20
1.4Refunded higher rates tax (£ millions)May 2019-20
170Number of transactionsJune 2019-20
1.3Refunded higher rates tax (£ millions)June 2019-20
500Number of transactionsQ1 2019-20
3.9Refunded higher rates tax (£ millions)Q1 2019-20
1.4Refunded higher rates tax (£ millions)July 2019-20
180Number of transactionsJuly 2019-20
1.8Refunded higher rates tax (£ millions)August 2019-20
210Number of transactionsAugust 2019-20
540Number of transactionsQ2 2019-20
4.5Refunded higher rates tax (£ millions)Q2 2019-20
150Number of transactionsSeptember 2019-20
1.3Refunded higher rates tax (£ millions)September 2019-20
190Number of transactionsOctober 2019-20
1.6Refunded higher rates tax (£ millions)October 2019-20
180Number of transactionsNovember 2019-20
1.6Refunded higher rates tax (£ millions)November 2019-20
160Number of transactionsDecember 2019-20
1.3Refunded higher rates tax (£ millions)December 2019-20
530Number of transactionsQ3 2019-20
4.5Refunded higher rates tax (£ millions)Q3 2019-20
170Number of transactionsJanuary 2019-20
1.4Refunded higher rates tax (£ millions)January 2019-20
1.1Refunded higher rates tax (£ millions)February 2019-20
130Number of transactionsFebruary 2019-20
16.5Refunded higher rates tax (£ millions)2019-20
2,000Number of transactions2019-20
130Number of transactionsMarch 2019-20
1.0Refunded higher rates tax (£ millions)March 2019-20
420Number of transactionsQ4 2019-20
3.5Refunded higher rates tax (£ millions)Q4 2019-20
50Number of transactionsApril 2020-21
0.4Refunded higher rates tax (£ millions)April 2020-21
60Number of transactionsMay 2020-21
0.5Refunded higher rates tax (£ millions)May 2020-21
90Number of transactionsJune 2020-21
0.8Refunded higher rates tax (£ millions)June 2020-21
1.7Refunded higher rates tax (£ millions)Q1 2020-21
200Number of transactionsQ1 2020-21
1.0Refunded higher rates tax (£ millions)July 2020-21
110Number of transactionsJuly 2020-21
1.5Refunded higher rates tax (£ millions)August 2020-21
140Number of transactionsAugust 2020-21
4.0Refunded higher rates tax (£ millions)Q2 2020-21
400Number of transactionsQ2 2020-21
1.6Refunded higher rates tax (£ millions)September 2020-21
150Number of transactionsSeptember 2020-21
2.7Refunded higher rates tax (£ millions)October 2020-21
240Number of transactionsOctober 2020-21
1.8Refunded higher rates tax (£ millions)November 2020-21
190Number of transactionsNovember 2020-21
2.6Refunded higher rates tax (£ millions)December 2020-21
250Number of transactionsDecember 2020-21
7.1Refunded higher rates tax (£ millions)Q3 2020-21
680Number of transactionsQ3 2020-21
1.7Refunded higher rates tax (£ millions)January 2020-21
130Number of transactionsJanuary 2020-21
2.0Refunded higher rates tax (£ millions)February 2020-21
150Number of transactionsFebruary 2020-21
1,790Number of transactions2020-21
19.5Refunded higher rates tax (£ millions)2020-21
230Number of transactionsMarch 2020-21
3.0Refunded higher rates tax (£ millions)March 2020-21
Showing 1 to 100 of 254 rows
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Main information

Most recent update
29 September 2025
Next update expected
30 October 2025
Designation
Accredited official statistics
Data provider
Welsh Revenue Authority
Data source
Land transaction tax returns
Time period covered
April 2018 to March 2026

Data notes

Revisions
  • 29 September 2025
  • 29 September 2025
Rounding applied

Values in this dataset are rounded to the nearest 10 for the transactions for which a refund applies, and the nearest £0.1 million for the aggregate value of the refunds.

Overview

Summary of dataset and variables

From 1 April 2018, LTT replaced Stamp Duty Land Tax (SDLT) on residential and non-residential property and land interests purchased in Wales. The tax rates and tax bands for LTT vary depending on the type of transaction.

Taxpayers must notify the WRA of all land transactions with a value above £40,000. There are also circumstances where certain lease transactions are not notifiable if they are less than 7 years in duration. When filing an LTT return, the organisation paying the return has 30 days after the effective date to submit and pay the return.

This dataset includes estimates of LTT notifiable transactions received by the WRA by the close of the third Monday of the publication month.

The dataset focuses on residential transactions subject to a higher rate refund and includes the number of transactions subject to a refund, and the aggregate value of those refunds, broken down by:

  • effective quarter and year of the original transaction. Where part quarters and years are shown, these are marked with the suffix "to date."

When a refund for higher rates residential transaction is claimed, the original transaction is amended to a main rate residential transaction. Note the number and value of refunds presented for later effective dates is lower than that for earlier periods. This is because compared with earlier periods, insufficient time has passed since the transaction was effective for many of the relevant taxpayers to sell their previous main residence and claim their refund.

Data on the time taken to claim refunds can be found in the alternative dataset which compares the quarter of the original transaction with the quarter in which the refund is approved by the Welsh Revenue Authority.

Data collection or calculation

These statistics are aggregated from the individual records for higher rate refunds, which are then broken down into different dimensions.

Statistical quality

See weblinks.

Land Transaction Tax statistics are regularly revised and the values for the latest period are provisional. When filing a LTT return, the organisation paying the return has 30 days after the ‘effective date’ to submit and pay the return. The effective date is when the tax becomes liable to be paid, usually when a transaction is completed on a property. Additional LTT transactions relating to the most recent month are therefore likely to be filed during the following month. See weblinks for analysis of these revisions.

Values for earlier periods are subject to revisions for several years. Transactions can be amended for a variety of reasons and the statistics are revised each month to reflect amendments to transactions. In particular, this will be due to higher rate refunds. When a refund for higher rates residential LTT is claimed, the original transaction is amended to a main rate residential LTT transaction. The taxpayer has up to three years to sell their previous main residence and claim a refund.

Care should be taken with any comparisons over time which involve data from spring 2020 to summer 2021. This is due to the coronavirus (COVID-19) pandemic and changes to LTT rates. A national lockdown on 23 March 2020 resulted in the housing market being mainly closed from this date until 22 June 2020 when it partially re-opened. The market was re-opened more fully on 27 July, to coincide with a change in LTT rates effective until 30 June 2021. There is evidence some purchasers may have brought their transactions forward to June 2021 to benefit from the temporary tax reduction.

There were some changes to LTT rates effective from 22 December 2020. Non-residential transactions and higher rates residential transactions were affected.

The main residential rates and bands changed from 10 October 2022.

The higher residential rates changed for all bands from 11 December 2024.

Information on all these changes to LTT rates can be read at:

Changes to Land Transaction Tax nil rate threshold

Land Transaction Tax – extension of the temporary tax reduction period

Changes to the rates and bands of Land Transaction Tax

Changes to main residential rates and bands for Land Transaction Tax

Changes to higher residential rates for Land Transaction Tax

Related reports

Published by

Organisation
Welsh Revenue Authority
Contact email
data@wra.gov.wales

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