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Welsh Land Transfer Tax
micaudwell
Posts: 1 Newbie
My brother is buying a property in Wales. The purchase price is £147500 ie below the £180k LTT threshold.
He is currently divorcing his wife and will be relinquishing his interest in the marital home in England.
The completion date for the Welsh purchase will probably predate the divorce and so there will be a 3% LTT premium payable.
Is this premium refundable once he has relinquished his interest in the English property?
He is currently divorcing his wife and will be relinquishing his interest in the marital home in England.
The completion date for the Welsh purchase will probably predate the divorce and so there will be a 3% LTT premium payable.
Is this premium refundable once he has relinquished his interest in the English property?
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