SQE Practice Exam 2025 – Complete Preparation Guide

LTT, or Land Transaction Tax, specifically includes provisions that grant relief to first-time buyers, making it more favorable for them compared to Stamp Duty. In Wales, LTT has a specific first-time buyer exemption tier that allows them to pay no tax on properties below a certain value, while Stamp Duty Land Tax (SDLT) in England also provides relief but under different conditions and limits.

The assertion that LTT provides no relief for first-time buyers is inaccurate because LTT does include relief provisions designed to benefit first-time home purchasers.

In comparison to Stamp Duty, LTT is designed with different relief criteria and exemptions specifically for first-time buyers, indicating that LTT does indeed offer certain relief options.

Therefore, in navigating the distinctions between LTT and Stamp Duty, the correct understanding is that LTT includes specific relief opportunities for first-time buyers not highlighted in the assertion that LTT provides no relief for them.