Land Transaction Tax (LTT), Wales
LTT is the Welsh equivalent of Stamp Duty, and is the tax charged by the Government in Wales when you buy a home.
Why do I have to pay LTT?
LTT rates for first-time buyers
Purchase price | LTT rate |
£0 to £225,000 |
0% |
£225,001 to £400,000 |
6% |
£400,001 to £750,000 |
7.5% |
£750,001 to £1,500,000 |
10% |
Over £1,500,000 |
12% |
LTT rates on second homes
Purchase price | LTT rate |
£40,000 to £180,000 |
4% |
£180,001 to £250,000 |
7.5% |
£250,001 to £400,000 |
9% |
£400,001 to £750,000 |
11.5% |
£750,001 to £1,500,000 |
14% |
Over £1,500,000 |
16% |
LTT exemptions
When can I pay LTT?
How do I pay LTT?
LTT FAQs
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Yes, first-time buyers in Wales are required to pay Land Transaction Tax (LTT) if the property they are buying costs more than £225,000.
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SDLT is the stamp duty tax in England and Northern Ireland, while LTT is the land transaction tax in Wales. The rates differ between Stamp Duty and LTT, find out more about Stamp Duty here.
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LTT in Wales is calculated based on a tiered system, where different rates apply to different portions of the property purchase price. The rates range from 0% to 12%.
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