Charles III Heir Apparent William, Prince of Wales First Minister (list) Rt Hon Eluned Morgan MS (L) Deputy First Minister Huw Irranca-Davies MS (L) Counsel General-designate – Elisabeth Jones Chief Whip and Trefnydd – Jane Hutt MS (L) Permanent Secretary Sixth Senedd Llywydd (Presiding Officer) Elin Jones MS (PC) Leader of the Opposition Darren Millar MS (C) Shadow Cabinet Prime Minister Rt Hon Keir Starmer MP (L) Secretary of State for Wales Rt Hon Jo Stevens MP (L) Principal councils (leader list) Corporate Joint Committees Local twinning see also: Regional terms and Regional economy United Kingdom Parliament elections European Parliament elections (1979–2020) Local elections Police and crime commissioner elections Referendums Land Transaction Tax (LTT) (Welsh: Treth Trafodiadau Tir (TTT)) is a property tax in Wales.
[3] The Welsh Revenue Authority administers and collects LTT with support from HM Land Registry.
[4] LTT is a progressive tax, with its structure designed so that the charge rises more than proportionately to the actual price of the property.
[5] Proposals for rates and bands were announced by the Minister for Finance Mark Drakeford on 11 December 2017,[2] as part of the annual Draft Budget process and tax calculators are available to help taxpayers and agents determine the amount of LTT due.
[6] The proposed tax rates and bands are subject to consultation and Parliamentary scrutiny through the Draft Budget process, led by the Finance Committee of the Senedd.