Property Tax in Wales
Mixed Use Properties in Wales
Get in touch with the team if you have purchased a property which is a mixture of residential and non residential.
Mixed Use Properties
Have you purchased a property in Wales that could be classed as mixed use?
Relatus can advise whether your property will meet the criteria for mixed use meaning that the non-residential rate will apply.
If you purchase a property in Wales which is a mixture of both residential and non-residential property you will pay the non-residential rate of LTT. This could result in a substantial saving due to the lower rates which are capped at 6%.
Non-residential property is also shielded from the higher rate of LTT for additional properties making it even more important to make sure that you are paying the correct amount.
There are two main types of non-residential property in Wales:
- Commercial property which will usually have been used for a business or trade prior to your purchase.
- Agricultural which is actively being farmed for commercial gain or bare land.
It can be more complicated if there are any of the following:
- rights of way
- easements
- part of the land has been fenced off
Reasons to use Relatus for your Property Tax
Our customers rate us an average of 4.9 on TrustPilot...
Check out the many reasons why our customers choose us. We may be slightly biased, but our TrustPilot reviews are not.
An average of 4.9 out of 5, across 225+ reviews.
Highly rated on TrustPilot
We have an average rating of 4.9 from over 225 reviews.
Over 10 years experience
We have helped people to pay the correct amount of SDLT and LTT for over 10 years.
We have the expertise
Relatus specialises in SDLT and LTT, we are made up of qualified accountants, qualified members of the Association of Taxation Technicians (ATT) and qualified (non-practicing) solicitors.
We are good at what we do
HMRC regularly agree with our position and we have recently won an appeal at the First Tier Tax Tribunal.
Flexible Fee structure
Fixed and contingent Fee arrangements available to suit our client’s preferences.
Opinion Service
We can provide full written advice to ensure that the correct amount of SDLT or LTT is paid.
Want to know more?
If you have any questions about your property tax, then get in touch with our team here at Relatus who will be happy to help.
