diff --git a/packages/compiler/src/i18n/extractor_merger.ts b/packages/compiler/src/i18n/extractor_merger.ts
index cc3902d14ce..dcbf9a42f4b 100644
--- a/packages/compiler/src/i18n/extractor_merger.ts
+++ b/packages/compiler/src/i18n/extractor_merger.ts
@@ -332,6 +332,8 @@ class _Visitor implements html.Visitor {
 
   visitBlockParameter(parameter: html.BlockParameter, context: any) {}
 
+  visitLetDeclaration(decl: html.LetDeclaration, context: any) {}
+
   private _init(mode: _VisitorMode, interpolationConfig: InterpolationConfig): void {
     this._mode = mode;
     this._inI18nBlock = false;
diff --git a/packages/compiler/src/i18n/i18n_parser.ts b/packages/compiler/src/i18n/i18n_parser.ts
index 6287e22d0d8..c409c8b5b71 100644
--- a/packages/compiler/src/i18n/i18n_parser.ts
+++ b/packages/compiler/src/i18n/i18n_parser.ts
@@ -239,6 +239,10 @@ class _I18nVisitor implements html.Visitor {
     throw new Error('Unreachable code');
   }
 
+  visitLetDeclaration(decl: html.LetDeclaration, context: any) {
+    return null;
+  }
+
   /**
    * Convert, text and interpolated tokens up into text and placeholder pieces.
    *
diff --git a/packages/compiler/src/i18n/serializers/xliff.ts b/packages/compiler/src/i18n/serializers/xliff.ts
index f563b4beb32..d39b3d573a7 100644
--- a/packages/compiler/src/i18n/serializers/xliff.ts
+++ b/packages/compiler/src/i18n/serializers/xliff.ts
@@ -303,6 +303,8 @@ class XliffParser implements ml.Visitor {
 
   visitBlockParameter(parameter: ml.BlockParameter, context: any) {}
 
+  visitLetDeclaration(decl: ml.LetDeclaration, context: any) {}
+
   private _addError(node: ml.Node, message: string): void {
     this._errors.push(new I18nError(node.sourceSpan, message));
   }
@@ -376,6 +378,8 @@ class XmlToI18n implements ml.Visitor {
 
   visitBlockParameter(parameter: ml.BlockParameter, context: any) {}
 
+  visitLetDeclaration(decl: ml.LetDeclaration, context: any) {}
+
   private _addError(node: ml.Node, message: string): void {
     this._errors.push(new I18nError(node.sourceSpan, message));
   }
diff --git a/packages/compiler/src/i18n/serializers/xliff2.ts b/packages/compiler/src/i18n/serializers/xliff2.ts
index ab887702caa..d74f3d7c65d 100644
--- a/packages/compiler/src/i18n/serializers/xliff2.ts
+++ b/packages/compiler/src/i18n/serializers/xliff2.ts
@@ -334,6 +334,8 @@ class Xliff2Parser implements ml.Visitor {
 
   visitBlockParameter(parameter: ml.BlockParameter, context: any) {}
 
+  visitLetDeclaration(decl: ml.LetDeclaration, context: any) {}
+
   private _addError(node: ml.Node, message: string): void {
     this._errors.push(new I18nError(node.sourceSpan, message));
   }
@@ -428,6 +430,8 @@ class XmlToI18n implements ml.Visitor {
 
   visitBlockParameter(parameter: ml.BlockParameter, context: any) {}
 
+  visitLetDeclaration(decl: ml.LetDeclaration, context: any) {}
+
   private _addError(node: ml.Node, message: string): void {
     this._errors.push(new I18nError(node.sourceSpan, message));
   }
diff --git a/packages/compiler/src/i18n/serializers/xtb.ts b/packages/compiler/src/i18n/serializers/xtb.ts
index f134143323b..e2cedcd77a3 100644
--- a/packages/compiler/src/i18n/serializers/xtb.ts
+++ b/packages/compiler/src/i18n/serializers/xtb.ts
@@ -158,6 +158,8 @@ class XtbParser implements ml.Visitor {
 
   visitBlockParameter(block: ml.BlockParameter, context: any) {}
 
+  visitLetDeclaration(decl: ml.LetDeclaration, context: any) {}
+
   private _addError(node: ml.Node, message: string): void {
     this._errors.push(new I18nError(node.sourceSpan, message));
   }
@@ -226,6 +228,8 @@ class XmlToI18n implements ml.Visitor {
 
   visitBlockParameter(block: ml.BlockParameter, context: any) {}
 
+  visitLetDeclaration(decl: ml.LetDeclaration, context: any) {}
+
   private _addError(node: ml.Node, message: string): void {
     this._errors.push(new I18nError(node.sourceSpan, message));
   }
diff --git a/packages/compiler/src/ml_parser/ast.ts b/packages/compiler/src/ml_parser/ast.ts
index 26199f4cb3c..7ab5b415a84 100644
--- a/packages/compiler/src/ml_parser/ast.ts
+++ b/packages/compiler/src/ml_parser/ast.ts
@@ -152,6 +152,20 @@ export class BlockParameter implements BaseNode {
   }
 }
 
+export class LetDeclaration implements BaseNode {
+  constructor(
+    public name: string,
+    public value: string,
+    public sourceSpan: ParseSourceSpan,
+    readonly nameSpan: ParseSourceSpan,
+    public valueSpan: ParseSourceSpan,
+  ) {}
+
+  visit(visitor: Visitor, context: any): any {
+    return visitor.visitLetDeclaration(this, context);
+  }
+}
+
 export interface Visitor {
   // Returning a truthy value from `visit()` will prevent `visitAll()` from the call to the typed
   // method and result returned will become the result included in `visitAll()`s result array.
@@ -165,6 +179,7 @@ export interface Visitor {
   visitExpansionCase(expansionCase: ExpansionCase, context: any): any;
   visitBlock(block: Block, context: any): any;
   visitBlockParameter(parameter: BlockParameter, context: any): any;
+  visitLetDeclaration(decl: LetDeclaration, context: any): any;
 }
 
 export function visitAll(visitor: Visitor, nodes: Node[], context: any = null): any[] {
@@ -213,6 +228,8 @@ export class RecursiveVisitor implements Visitor {
 
   visitBlockParameter(ast: BlockParameter, context: any): any {}
 
+  visitLetDeclaration(decl: LetDeclaration, context: any) {}
+
   private visitChildren<T extends Node>(
     context: any,
     cb: (visit: <V extends Node>(children: V[] | undefined) => void) => void,
diff --git a/packages/compiler/src/ml_parser/html_whitespaces.ts b/packages/compiler/src/ml_parser/html_whitespaces.ts
index 917f38d982c..a4624cf69df 100644
--- a/packages/compiler/src/ml_parser/html_whitespaces.ts
+++ b/packages/compiler/src/ml_parser/html_whitespaces.ts
@@ -125,6 +125,10 @@ export class WhitespaceVisitor implements html.Visitor {
   visitBlockParameter(parameter: html.BlockParameter, context: any) {
     return parameter;
   }
+
+  visitLetDeclaration(decl: html.LetDeclaration, context: any) {
+    return decl;
+  }
 }
 
 function createWhitespaceProcessedTextToken({type, parts, sourceSpan}: TextToken): TextToken {
diff --git a/packages/compiler/src/ml_parser/icu_ast_expander.ts b/packages/compiler/src/ml_parser/icu_ast_expander.ts
index 9a79999eee8..e3047165400 100644
--- a/packages/compiler/src/ml_parser/icu_ast_expander.ts
+++ b/packages/compiler/src/ml_parser/icu_ast_expander.ts
@@ -113,6 +113,10 @@ class _Expander implements html.Visitor {
   visitBlockParameter(parameter: html.BlockParameter, context: any) {
     return parameter;
   }
+
+  visitLetDeclaration(decl: html.LetDeclaration, context: any) {
+    return decl;
+  }
 }
 
 // Plural forms are expanded to `NgPlural` and `NgPluralCase`s
diff --git a/packages/compiler/src/ml_parser/parser.ts b/packages/compiler/src/ml_parser/parser.ts
index c000685496c..fde051b5d4f 100644
--- a/packages/compiler/src/ml_parser/parser.ts
+++ b/packages/compiler/src/ml_parser/parser.ts
@@ -25,9 +25,13 @@ import {
   ExpansionCaseValueToken,
   ExpansionFormStartToken,
   IncompleteBlockOpenToken,
+  IncompleteLetToken,
   IncompleteTagOpenToken,
   InterpolatedAttributeToken,
   InterpolatedTextToken,
+  LetEndToken,
+  LetStartToken,
+  LetValueToken,
   TagCloseToken,
   TagOpenStartToken,
   TextToken,
@@ -127,6 +131,12 @@ class _TreeBuilder {
       } else if (this._peek.type === TokenType.INCOMPLETE_BLOCK_OPEN) {
         this._closeVoidElement();
         this._consumeIncompleteBlock(this._advance());
+      } else if (this._peek.type === TokenType.LET_START) {
+        this._closeVoidElement();
+        this._consumeLet(this._advance());
+      } else if (this._peek.type === TokenType.INCOMPLETE_LET) {
+        this._closeVoidElement();
+        this._consumeIncompleteLet(this._advance());
       } else {
         // Skip all other tokens...
         this._advance();
@@ -627,6 +637,89 @@ class _TreeBuilder {
     );
   }
 
+  private _consumeLet(startToken: LetStartToken) {
+    const name = startToken.parts[0];
+    let valueToken: LetValueToken;
+    let endToken: LetEndToken;
+
+    if (this._peek.type !== TokenType.LET_VALUE) {
+      this.errors.push(
+        TreeError.create(
+          startToken.parts[0],
+          startToken.sourceSpan,
+          `Invalid @let declaration "${name}". Declaration must have a value.`,
+        ),
+      );
+      return;
+    } else {
+      valueToken = this._advance();
+    }
+
+    // Type cast is necessary here since TS narrowed the type of `peek` above.
+    if ((this._peek as Token).type !== TokenType.LET_END) {
+      this.errors.push(
+        TreeError.create(
+          startToken.parts[0],
+          startToken.sourceSpan,
+          `Unterminated @let declaration "${name}". Declaration must be terminated with a semicolon.`,
+        ),
+      );
+      return;
+    } else {
+      endToken = this._advance();
+    }
+
+    const end = endToken.sourceSpan.fullStart;
+    const span = new ParseSourceSpan(
+      startToken.sourceSpan.start,
+      end,
+      startToken.sourceSpan.fullStart,
+    );
+
+    // The start token usually captures the `@let`. Construct a name span by
+    // offsetting the start by the length of any text before the name.
+    const startOffset = startToken.sourceSpan.toString().lastIndexOf(name);
+    const nameStart = startToken.sourceSpan.start.moveBy(startOffset);
+    const nameSpan = new ParseSourceSpan(nameStart, startToken.sourceSpan.end);
+    const node = new html.LetDeclaration(
+      name,
+      valueToken.parts[0],
+      span,
+      nameSpan,
+      valueToken.sourceSpan,
+    );
+
+    this._addToParent(node);
+  }
+
+  private _consumeIncompleteLet(token: IncompleteLetToken) {
+    // Incomplete `@let` declaration may end up with an empty name.
+    const name = token.parts[0] ?? '';
+    const nameString = name ? ` "${name}"` : '';
+
+    // If there's at least a name, we can salvage an AST node that can be used for completions.
+    if (name.length > 0) {
+      const startOffset = token.sourceSpan.toString().lastIndexOf(name);
+      const nameStart = token.sourceSpan.start.moveBy(startOffset);
+      const nameSpan = new ParseSourceSpan(nameStart, token.sourceSpan.end);
+      const valueSpan = new ParseSourceSpan(
+        token.sourceSpan.start,
+        token.sourceSpan.start.moveBy(0),
+      );
+      const node = new html.LetDeclaration(name, '', token.sourceSpan, nameSpan, valueSpan);
+      this._addToParent(node);
+    }
+
+    this.errors.push(
+      TreeError.create(
+        token.parts[0],
+        token.sourceSpan,
+        `Incomplete @let declaration${nameString}. ` +
+          `@let declarations must be written as \`@let <name> = <value>;\``,
+      ),
+    );
+  }
+
   private _getContainer(): NodeContainer | null {
     return this._containerStack.length > 0
       ? this._containerStack[this._containerStack.length - 1]
diff --git a/packages/compiler/src/ml_parser/xml_parser.ts b/packages/compiler/src/ml_parser/xml_parser.ts
index 188d87ca3a8..397911c8b76 100644
--- a/packages/compiler/src/ml_parser/xml_parser.ts
+++ b/packages/compiler/src/ml_parser/xml_parser.ts
@@ -16,7 +16,7 @@ export class XmlParser extends Parser {
   }
 
   override parse(source: string, url: string, options: TokenizeOptions = {}): ParseTreeResult {
-    // Blocks aren't supported in an XML context.
-    return super.parse(source, url, {...options, tokenizeBlocks: false});
+    // Blocks and let declarations aren't supported in an XML context.
+    return super.parse(source, url, {...options, tokenizeBlocks: false, tokenizeLet: false});
   }
 }
diff --git a/packages/compiler/src/render3/r3_template_transform.ts b/packages/compiler/src/render3/r3_template_transform.ts
index ec3e7b6f7f2..78eaaf49baa 100644
--- a/packages/compiler/src/render3/r3_template_transform.ts
+++ b/packages/compiler/src/render3/r3_template_transform.ts
@@ -389,6 +389,10 @@ class HtmlAstToIvyAst implements html.Visitor {
     return null;
   }
 
+  visitLetDeclaration(decl: html.LetDeclaration, context: any) {
+    throw new Error('TODO: implement R3 LetDeclaration');
+  }
+
   visitBlockParameter() {
     return null;
   }
@@ -893,6 +897,10 @@ class NonBindableVisitor implements html.Visitor {
   visitBlockParameter(parameter: html.BlockParameter, context: any) {
     return null;
   }
+
+  visitLetDeclaration(decl: html.LetDeclaration, context: any) {
+    throw new Error('TODO: implement R3 LetDeclaration');
+  }
 }
 
 const NON_BINDABLE_VISITOR = new NonBindableVisitor();
diff --git a/packages/compiler/src/render3/view/i18n/meta.ts b/packages/compiler/src/render3/view/i18n/meta.ts
index adf74b68d21..a40e7b98084 100644
--- a/packages/compiler/src/render3/view/i18n/meta.ts
+++ b/packages/compiler/src/render3/view/i18n/meta.ts
@@ -187,6 +187,10 @@ export class I18nMetaVisitor implements html.Visitor {
     return parameter;
   }
 
+  visitLetDeclaration(decl: html.LetDeclaration, context: any) {
+    return decl;
+  }
+
   /**
    * Parse the general form `meta` passed into extract the explicit metadata needed to create a
    * `Message`.
diff --git a/packages/compiler/test/ml_parser/ast_spec_utils.ts b/packages/compiler/test/ml_parser/ast_spec_utils.ts
index 2e91081404e..ed6058ba0c4 100644
--- a/packages/compiler/test/ml_parser/ast_spec_utils.ts
+++ b/packages/compiler/test/ml_parser/ast_spec_utils.ts
@@ -114,6 +114,17 @@ class _Humanizer implements html.Visitor {
     this.result.push(this._appendContext(parameter, [html.BlockParameter, parameter.expression]));
   }
 
+  visitLetDeclaration(decl: html.LetDeclaration, context: any) {
+    const res = this._appendContext(decl, [html.LetDeclaration, decl.name, decl.value]);
+
+    if (this.includeSourceSpan) {
+      res.push(decl.nameSpan?.toString() ?? null);
+      res.push(decl.valueSpan?.toString() ?? null);
+    }
+
+    this.result.push(res);
+  }
+
   private _appendContext(ast: html.Node, input: any[]): any[] {
     if (!this.includeSourceSpan) return input;
     input.push(ast.sourceSpan.toString());
diff --git a/packages/compiler/test/ml_parser/html_parser_spec.ts b/packages/compiler/test/ml_parser/html_parser_spec.ts
index e9aff547a76..23dcf8a1c5d 100644
--- a/packages/compiler/test/ml_parser/html_parser_spec.ts
+++ b/packages/compiler/test/ml_parser/html_parser_spec.ts
@@ -1057,6 +1057,54 @@ describe('HtmlParser', () => {
       });
     });
 
+    describe('let declaration', () => {
+      function parseLet(input: string) {
+        return parser.parse(input, 'TestComp', {tokenizeLet: true});
+      }
+
+      it('should parse a let declaration', () => {
+        expect(humanizeDom(parseLet('@let foo = 123;'))).toEqual([
+          [html.LetDeclaration, 'foo', '123'],
+        ]);
+      });
+
+      it('should parse a let declaration that is nested in a parent', () => {
+        expect(humanizeDom(parseLet('@grandparent {@parent {@let foo = 123;}}'))).toEqual([
+          [html.Block, 'grandparent', 0],
+          [html.Block, 'parent', 1],
+          [html.LetDeclaration, 'foo', '123'],
+        ]);
+      });
+
+      it('should store the source location of a @let declaration', () => {
+        expect(humanizeDomSourceSpans(parseLet('@let foo = 123 + 456;'))).toEqual([
+          [html.LetDeclaration, 'foo', '123 + 456', '@let foo = 123 + 456', 'foo', '123 + 456'],
+        ]);
+      });
+
+      it('should report an error for an incomplete let declaration', () => {
+        expect(humanizeErrors(parseLet('@let foo =').errors)).toEqual([
+          [
+            'foo',
+            'Incomplete @let declaration "foo". @let declarations must be written as `@let <name> = <value>;`',
+            '0:0',
+          ],
+        ]);
+      });
+
+      it('should store the locations of an incomplete let declaration', () => {
+        const parseResult = parseLet('@let foo =');
+
+        // It's expected that errors will be reported for the incomplete declaration,
+        // but we still want to check the spans since they're important even for broken templates.
+        parseResult.errors = [];
+
+        expect(humanizeDomSourceSpans(parseResult)).toEqual([
+          [html.LetDeclaration, 'foo', '', '@let foo =', 'foo =', ''],
+        ]);
+      });
+    });
+
     describe('source spans', () => {
       it('should store the location', () => {
         expect(
@@ -1307,6 +1355,7 @@ describe('HtmlParser', () => {
             html.visitAll(this, block.children);
           }
           visitBlockParameter(parameter: html.BlockParameter, context: any) {}
+          visitLetDeclaration(decl: html.LetDeclaration, context: any) {}
         })();
 
         html.visitAll(visitor, result.rootNodes);
@@ -1350,6 +1399,9 @@ describe('HtmlParser', () => {
           visitBlockParameter(parameter: html.BlockParameter, context: any) {
             throw Error('Unexpected');
           }
+          visitLetDeclaration(decl: html.LetDeclaration, context: any) {
+            throw Error('Unexpected');
+          }
         })();
         const result = parser.parse('<div id="foo"></div><div id="bar"></div>', 'TestComp');
         const traversal = html.visitAll(visitor, result.rootNodes);
diff --git a/packages/compiler/test/ml_parser/util/util.ts b/packages/compiler/test/ml_parser/util/util.ts
index 1d2f9be8674..dda926ac8fb 100644
--- a/packages/compiler/test/ml_parser/util/util.ts
+++ b/packages/compiler/test/ml_parser/util/util.ts
@@ -50,6 +50,10 @@ class _SerializerVisitor implements html.Visitor {
     return parameter.expression;
   }
 
+  visitLetDeclaration(decl: html.LetDeclaration, context: any) {
+    return `@let ${decl.name} = ${decl.value};`;
+  }
+
   private _visitAll(nodes: html.Node[], separator = '', prefix = ''): string {
     return nodes.length > 0 ? prefix + nodes.map((a) => a.visit(this, null)).join(separator) : '';
   }
diff --git a/packages/localize/tools/src/translate/translation_files/base_visitor.ts b/packages/localize/tools/src/translate/translation_files/base_visitor.ts
index e447ef06856..2d1dce27878 100644
--- a/packages/localize/tools/src/translate/translation_files/base_visitor.ts
+++ b/packages/localize/tools/src/translate/translation_files/base_visitor.ts
@@ -13,6 +13,7 @@ import {
   Element,
   Expansion,
   ExpansionCase,
+  LetDeclaration,
   Text,
   Visitor,
 } from '@angular/compiler';
@@ -31,4 +32,5 @@ export class BaseVisitor implements Visitor {
   visitExpansionCase(_expansionCase: ExpansionCase, _context: any): any {}
   visitBlock(_block: Block, _context: any) {}
   visitBlockParameter(_parameter: BlockParameter, _context: any) {}
+  visitLetDeclaration(_decl: LetDeclaration, _context: any) {}
 }