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Land Transaction Tax: Stamp duty in Wales

Find out the current Land Transaction Tax (LTT) rates and use our LTT calculator to work out how much you'll need to pay when buying a property in Wales.

In this article
LTT (Welsh stamp duty) calculator LTT rates for home-buyers Buy-to-let LTT rates (also applies to second/holiday homes)
LTT for first-time buyers Get personalised mortgage advice

LTT (Welsh stamp duty) calculator

Use our calculator to work out how much LTT (Welsh stamp duty) you'll need to pay when you buy a property in Wales.

LTT rates for home-buyers

Under the LTT system, if you're buying a property you intend to live in as your main residence tax will only be payable if the property costs more than £180,000 - which is well above the £125,000 stamp duty threshold in England and Northern Ireland. 

However, first-time buyers in Wales won't get any discounts or exemptions, unlike those buying their first home in the rest of the UK.

Like stamp duty and income tax, LTT is tiered, meaning you pay different rates on different portions of the property price.

The table below shows the LTT rates payable on residential properties.
 

Portion of property price LTT rate
£0-£180,000 0%
£180,001-£250,000 3.5%
£250,001-£400,000 5%
£400,001-£750,000 7.5%
£750,001-£1.5m 10%
£1.5m+ 12%

Buy-to-let LTT rates (also applies to second/holiday homes)

Second homes and buy-to-let properties will be charged at 3% more than the main residential rates, but properties costing £40,000 or less are exempt. 

Additional LTT paid at the higher rates can be refunded if you sell your main residence and the property you paid higher rates on becomes your main residence within 36 months of completion.

First-time buyers purchasing a buy-to-let property will only need to pay the standard home-buyer rates.

Portion of property price LTT rate
£0-£180,000 3%
£180,001-£250,000 6.5%
£250,001-£450,000 8%
£450,001-£750,000 10.5%
£750,001-£1.5m 13%
£1.5m+ 15%

LTT for first-time buyers

First-time buyers are currently charged the same rate of LTT as home movers (see LTT rates, above). 

This is in contrast to the stamp duty system in England, where people buying a first home costing £300,000 or less are exempt, and those buying a property between £300,000 and £500,000 are charged a reduced rate. 

However, first-time buyers purchasing buy-to-let properties will be charged the standard home-buyer rates and won't be subject to the buy-to-let surcharge.

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