The excited state dynamics of a d0 vanadium(V) oxido ligand-to-metal charge transfer (LMCT) complex, VOLF, were investigated via a combination of static optical and X-ray absorption (XAS) spectroscopy, transient optical absorption spectroscopy, and time-dependent density functional theory (TD-DFT). Upon excitation of the LMCT in the visible region, transient absorption data reveal that internal conversion traps the excited carrier population into a long-lived charge transfer state of 3dxy electron character, S1(dxy).