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As 2023 draws to a close, the economic backdrop is slowly and steadily uplifting, with the housing market proving its resilience. 

Land Transaction Tax (LTT) was introduced by the Welsh government in April 2018. It replaced Stamp Duty in the country and is a tax, which must be paid when you buy property costing more than a certain threshold. How much you pay depends on the purchase price of the home with additional rates for second properties.