Costs & Taxes
LTT (Land Transaction Tax)
Welsh equivalent of Stamp Duty
Full Definition
Land Transaction Tax is Wales's property purchase tax. It replaced Stamp Duty in Wales in 2018. Like SDLT and LBTT, additional rates apply to second homes and buy-to-let properties. Rates and thresholds are set by the Welsh Government.
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Stamp Duty Land Tax (SDLT)
Tax paid when purchasing property over £250,000
LBTT (Land and Buildings Transaction Tax)
Scottish equivalent of Stamp Duty
Capital Gains Tax (CGT)
Tax on profit when selling investment property
Section 24 (Mortgage Interest Relief)
Restriction on mortgage interest tax deductions for landlords
Limited Company Buy-to-Let
Purchasing properties through a company structure
Ground Rent
Annual payment to freeholder for leasehold properties