On completion of a property in Wales, which tax is payable by the buyer?

• A. Stamp Duty Land Tax
• B. Land Transaction Tax
• C. Both Stamp Duty Land Tax and Land Transaction Tax
• D. None of these

Answer: (B)

In Wales, on completion of a property purchase, the buyer pays Land Transaction Tax. Wales operates its own charge on land transactions, introduced to replace Stamp Duty Land Tax for Welsh deals, and it’s administered by the Welsh Revenue Authority with rates that depend on the property price and the transaction type. Because this is a Welsh transaction, Stamp Duty Land Tax (the English system) does not apply here, and there isn’t a scenario where both would be charged. So the correct answer is Land Transaction Tax.