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Land Transaction Tax (LTT), Wales

Land Transaction Tax (LTT) is the Welsh equivalent of Stamp Duty.

The changes made by the Welsh Government mean if you buy a home up to the value of 250,000, you won’t need to pay any LTT, and even if you are buying a home over £250,000, you will make a saving. So now could be a great time to buy your new home.

What is LTT?

Land Transaction Tax (LTT) is the tax charged by the Government in Wales when you buy a home for more than £250,000.  

Why do we have to pay it?

When you buy a property the change in land ownership has to be legally registered at the Land Registry. The Welsh Revenue Authority (WRA) are responsible for collecting Land Transaction Tax and will issue a certificate on receipt of the LTT payment due on the purchase of the property.

The transfer of funds to pay the LTT will be managed for you by your solicitor.

How much is LTT?

For homes over £250,000 there is still no LTT to pay on the first £250,000, then the following rates apply:

Purchase price

LTT rate

£0 to £250,000

0%

£250,001 to £400,000

5%

£400,001 to £750,000

7.5%

£750,001 to £1,500,000

10%

Over £1,500,000

12%

Use our LTT calculator

If you’ve found the home you’ve been looking for and are wondering how much LTT you’ll have to pay, use our LTT Calculator today.

With the Government across the UK reducing LTT from now until 31st March 2021 you could make a large saving when purchasing a home. Our calculator will show you how much you’ll pay, but also how much you could save too.

Enter your details in the calculator and discover how much LTT you’ll pay on your new home.