Wales LTT Calculator 2025
Calculate Land Transaction Tax for Welsh property purchases
Calculate Your Stamp Duty
£
No First-Time Buyer Relief in Wales
Unlike England and Scotland, Wales does not offer first-time buyer relief. All buyers pay the same standard LTT rates.
- Same rates for first-time and repeat buyers
- Higher rates apply for additional properties (+4%)
- Managed by Welsh Revenue Authority, not HMRC
Welsh LTT Rates 2025
Standard Rates
| Band | Rate |
|---|---|
| Up to £225,000 | 0% |
| £225,001 to £400,000 | 6% |
| £400,001 to £750,000 | 7.5% |
| £750,001 to £1.5m | 10% |
| Over £1.5m | 12% |
Applies to main residence purchases
Higher Rates (+4%)
| Band | Rate |
|---|---|
| Up to £225,000 | 4% |
| £225,001 to £400,000 | 10% |
| £400,001 to £750,000 | 11.5% |
| £750,001 to £1.5m | 14% |
| Over £1.5m | 16% |
For second homes and buy-to-lets
LTT vs SDLT vs LBTT Comparison
| Property Price | Wales LTT | England SDLT | Scotland LBTT |
|---|---|---|---|
| £225,000 | £0 | £0 | £1,600 |
| £300,000 | £4,500 | £2,500 | £4,600 |
| £400,000 | £10,500 | £7,500 | £13,350 |
| £500,000 | £18,000 | £12,500 | £23,350 |
| £750,000 | £36,750 | £25,000 | £48,350 |
Understanding Land Transaction Tax in Wales
Land Transaction Tax (LTT) replaced UK Stamp Duty Land Tax in Wales from 1 April 2018. It's one of three devolved property taxes in the UK, alongside Scotland's LBTT. LTT is managed by the Welsh Revenue Authority (WRA).
Key Differences from England
- Higher nil-rate band: £225,000 vs £250,000
- No first-time buyer relief
- Lower additional property surcharge: 4% vs 5%
- Different rate bands above the nil-rate threshold
Welsh Revenue Authority
The WRA handles LTT returns and payments. Your solicitor submits the return electronically within 30 days of completion. The WRA has powers to investigate and audit transactions.
Frequently Asked Questions
What is Land Transaction Tax (LTT)?
Land Transaction Tax is Wales's property tax, replacing UK Stamp Duty from April 2018. It's managed by the Welsh Revenue Authority (WRA), not HMRC. LTT applies to all residential and commercial property purchases in Wales.
Is there first-time buyer relief in Wales?
No. Unlike England and Scotland, Wales does not offer first-time buyer relief. All buyers pay the same standard LTT rates regardless of whether they've owned property before.
What are the higher rates for additional properties?
Wales adds 4% to each LTT band for additional properties (second homes, buy-to-lets). This is lower than Scotland's 6% ADS but comparable to England's pre-October 2024 rates.
How does Welsh LTT compare to English SDLT?
Wales has a higher nil-rate band (£225,000 vs £250,000) but generally higher rates above that. The additional property surcharge is 4% vs England's 5%. Wales has no first-time buyer relief.
When do I need to pay LTT?
LTT must be paid within 30 days of the transaction completing. Your solicitor handles the return and payment. Late filing incurs penalties and interest.
Related Calculators
Official Government Resources
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