Using the Land Transaction Tax (LTT) information for Wales on stampdutycalculator.org.uk, determine the LTT payable for purchasing a second home or additional dwelling at a price of £350,000. State the calculated LTT amount.
Navigate to 'stampdutycalculator.org.uk'. Click on the 'LTT Calculator Wales' link. Click on the 'LTT Second Homes' link to view specific rates for additional properties. Identify the tax band for £350,000 and its corresponding LTT rate from the table. Calculate the LTT amount based on the identified rate and the purchase price of £350,000. State the calculated LTT amount.
Successfully navigate to the 'LTT Second Homes' section for Wales. Correctly identify the LTT rate for a £350,000 second home or additional dwelling as 10%. State the calculated LTT amount of £35,000.