Land Transaction Tax: stamp duty in Wales
LTT (Welsh stamp duty) calculator
Use our calculator to find out how much LTT you'll need to pay when you buy a property in Wales.
Please note we are currently updating this calculator to reflect the new higher rate of Land Transaction Tax (LTT) for additional and buy-to-let properties. The rates went up by 1% across all bands in December. We are also updating the calculator for first-time buyers purchasing buy-to-let properties.
What is Land Transaction Tax (LTT)?
Land Transaction Tax (LTT) is the tax paid on property transactions in Wales.
It's the Welsh equivalent of the stamp duty that people pay in England and Northern Ireland, or Land and Buildings Transaction Tax (LBTT) in Scotland.
LTT is one of the tax liabilities that has been devolved from the Westminster government, and it replaced stamp duty land tax in Wales in 2018.
LTT rates for first-time buyers and home movers
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 £225,000. The threshold was previously £180,000, before being increased on 10 October 2022.
First-time buyers are currently charged the same rate of LTT as home movers. This is in contrast to the stamp duty system in England, where people buying a first home costing £300,000 or less are exempt.
| Portion of the property price | LTT rate |
|---|---|
| £0 - £225,000 | 0% |
| £225,001 - £400,000 | 6% |
| £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)
If you buy a second home or buy-to-let property in Wales, you'll need to pay a higher LTT rate.
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 above.
| Portion of the property price | LTT rate |
|---|---|
| Less than £40,000 | 0% |
| £0 - £180,000 | 5% |
| £180,001 - £250,000 | 8.5% |
| £250,001 - £400,000 | 10% |
| £400,001 - £750,000 | 12.5% |
| £750,001 - £1.5m | 15% |
| £1.5m+ | 17% |
How to pay LTT
LTT is collected by the Welsh Revenue Authority (WRA).
Your solicitor will usually deal with the LTT return as part of the property transaction, but it's your responsibility to make sure it's submitted on time.
The LTT return must have been sent to WRA, and the tax paid, within 30 days after completion.
If your solicitor doesn't do this for you, you can do it yourself using an online or paper return.
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