Land Transaction Tax (LTT)

Since 1 April 2018, Land Transaction Tax (LTT) replaced Stamp Duty Land Tax (SDLT) in Wales. Under LTT, properties worth up to £180,000 will not pay any tax. For people buying an additional residential property (that is not their only or main residence) an additional 3% on top of the main residential rate in each band will apply.

Residential Tax Rates

Purchase price

LTT Rates
(Main residence)

LTT Rates
(Additional properties)

£0 - £180,000

0%

3%

£180,001 - £250,000

3.5%

6.5%

£250,001 - £400,000

5%

8%

£400,001 - £750,000

7.5%

10.5%

£750,001 - £1.5m

10%

13%

£1.5m +

12%

15%

Calculator

Land Transaction Tax Calculator

Calculate the amount of tax you will have to pay using the Welsh Revenue Authority's tax calculator.

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WELSH REVENUE AUTHORITY

The Welsh Revenue Authority is the new tax authority for Wales. It is responsible for collecting and managing the first devolved Welsh taxes; Land Transaction Tax and Landfill Disposals Tax on behalf of the Welsh Government. The revenue raised from these taxes, an estimated £1 billion over four years, will help support Welsh public services.

Visit their website

PURCHASES OF SECOND HOMES AND BUY-TO-LET PROPERTY

There are different rules if you already own one or more residential properties. Individuals may need to pay higher residential rates if you are buying a property over £40,000.

Where there are two or more buyers who are individuals, the higher rates rules apply if they apply to any one of the buyers. Separate rules apply to acquisitions where the buyer, or one of the buyers, is not an individual (e.g. a company).

Guidance on higher rates

Further information

Telephone the Welsh Revenue Authority’s helpdesk on 03000 254 000

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