▁led ▁by ▁the ▁Fin ance ▁Committee ▁of ▁the ▁Sen ed d ▁C ym ru . ▁ ▁R ates ▁and ▁bands ▁ ▁Res ident ial ▁property ▁transactions ▁ ▁For ▁resident ial ▁property ▁transactions , ▁the ▁rate ▁of ▁tax ▁is ▁determined ▁by ▁reference ▁to ▁percent ages ▁of ▁the ▁charge able ▁consideration ▁for ▁the ▁transaction ▁falling ▁within ▁the ▁proposed ▁bands ▁below : ▁ ▁High er ▁resident ial ▁property ▁rates ▁ ▁The ▁following ▁rates ▁apply ▁for ▁purch as ers ▁who ▁already ▁own ▁one ▁or ▁more ▁properties . ▁P urch as ers ▁who ▁are ▁replacing ▁their ▁main ▁residence ▁the ▁higher ▁rates ▁may ▁not ▁apply . ▁Comp an ies ▁bu ying ▁resident ial ▁properties ▁will ▁have ▁to ▁pay ▁the ▁resident ial ▁higher ▁rates , ▁as ▁will ▁trust s . ▁ ▁Non - res ident ial ▁property ▁tax ▁rates ▁ ▁The ▁following ▁rates ▁apply ▁for ▁free holds ▁or ▁le ase holds ▁of ▁sh ops , ▁offices , ▁or ▁agricult ural ▁land : ▁ ▁Non - res ident ial ▁property ▁rent ▁ ▁For ▁rent ▁on ▁the ▁grant ▁of ▁a ▁le ase , ▁the ▁le ase ▁prem ium ▁will ▁not ▁be ▁included ▁in ▁the ▁ 0 % ▁tax ▁band . ▁R ent ▁over ▁the ▁term ▁of ▁the ▁new ▁le ase ▁is ▁li able , ▁calculated ▁on ▁the ▁property ' s ▁net ▁present ▁value ▁( NP V ). ▁ ▁Ex em ptions ▁ ▁The ▁Land ▁Trans action ▁Tax ▁and ▁Anti - av oid ance ▁of ▁De vol ved ▁Tax es ▁( W ales ) ▁Act ▁ 2 0 1 7 ▁makes ▁provision ▁for