Update on Welsh Land Transaction Tax (LTT)

Update on Welsh Land Transaction Tax (LTT)

Like SDLT, LTT will be payable when you buy or lease a building or land over a certain price.It may affect house buyers and sellers and businesses including builders, property developers and agents involved in the transaction process (such as solicitors and conveyancers).

The legislation is broadly consistent with SDLT, preserving the underlying structure and mirroring key elements such as partnerships, trusts and reliefs, to provide stability and reassurance to businesses and the property market.

For more information please click here.

GOOD NEWS

The good news is the Pali Smart Quote will calculate the correct Land Tax whether that be Stamp Duty Land Tax (SDLT) used in England or the new Land Transaction Tax (LTT) which is exclusive to Wales.

Whenever regulatory changes occur you can rest assure the Pali Smart Quote will have the adjustments ready to go live on the launch date. We are always one step ahead of the game so it’s one less thing for you to worry about. The Smart Quote software is complimentary to clients of Pali.

To learn more about the Pali Smart Quote please click here.

If you would like to be set up with the Pali Smart Quote please contact a friendly member of the team on 0800 023 5030 / [email protected].

This article was submitted to be published by Pali Ltd. as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.

Pali Ltd

http://www.paliltd.com

 

Pali

Pali - Property And Land Information, is a multi-award winning, national conveyancing search company and has been providing the legal profession with quality conveyancing searches since 1999.

Pali delivers the complete online solution:

  • Intelligent Quotation Software
  • Case Management System Integration
  • Award-Winning Conveyancing Searches
  • SDLT/LTT and AP1 Submission
  • Fully functional iOS and Android App

Not only does Pali offer cutting-edge technology that is integrated with organisations such as Land Registry and Ordnance Survey making applications as seamless as possible but it is backed up with the support of knowledgeable, friendly backroom staff. We provide exceptionally high levels of Customer Support as demonstrated by winning the ‘Best in Sector for Searches’ Award and receiving Gold in the overall ‘Supplier of the Year’ category in the prestigious ESTAS. The ESTAS Awards are unique in the industry as winning firms are selected purely on ratings from clients.

We specialise in Conveyancing Searches however we have added many ancillary reports to our product portfolio over the years such as: Developer Packs, Indemnity Policies, Anti-Money Laundering Searches, Energy Performance Certificates, OS Plans, Lawyer Checker Reports and much more. Choosing Pali means that each stage of the property transaction is streamlined. From conveyancing quotes generated then accepted, to the searches being ordered and quickly completed, right through to finalising post completion.

Pali provides unrivalled searches coupled with first-rate customer support and we invest heavily in IT so you don’t have to.

Contact: Jo Milne

Tel: 0800 023 5030

email: [email protected]

Web: https://www.paliltd.com/

YouTube: https://www.youtube.com/channel/UC5qg1IjYJ8y2fE-TGYxid0w

 

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