Stamp Duty in Wales: how LTT works
Wales replaced Stamp Duty with Land Transaction Tax (LTT). Its 0% band is the most generous in the UK at £225,000, but there is no separate relief for first-time buyers.
LTT main residential rates.
| Price band | Rate |
|---|---|
| £0 to £225,000 | 0% |
| £225,000 to £400,000 | 6% |
| £400,000 to £750,000 | 7.5% |
| £750,000 to £1,500,000 | 10% |
| Above £1,500,000 | 12% |
Higher rates for additional homes
If you will own more than one home and are not replacing your main residence, a separate higher-rates table applies from the first pound:
| Price band | Higher rate |
|---|---|
| £0 to £180,000 | 5% |
| £180,000 to £250,000 | 8.5% |
| £250,000 to £400,000 | 10% |
| £400,000 to £750,000 | 12.5% |
| £750,000 to £1,500,000 | 15% |
| Above £1,500,000 | 17% |
How much LTT will you pay?
| Price | Main home | Additional home |
|---|---|---|
| £200,000 | £0 | £10,700 |
| £300,000 | £4,500 | £19,950 |
| £450,000 | £14,250 | £36,200 |
| £750,000 | £36,750 | £73,700 |
Choose Wales in the Stamp Duty calculator.
LTT FAQs
Do first-time buyers pay LTT?
First-time buyers pay the same main rates as everyone else, but nothing is due on homes up to £225,000, which covers many first purchases.
When is LTT paid?
The return and payment are due to the Welsh Revenue Authority within 30 days of completion. Your solicitor usually files it.
Can I reclaim the higher rates?
If you bought a new main home before selling your old one, you can usually reclaim the difference if you sell the previous main home within three years.
Stamp Duty in Scotland (LBTT) → · Stamp Duty on a second home →
Source: Welsh Revenue Authority LTT rates. Estimates for planning only.