LTT Calculator
LTT owed
Wales LTT rates and bands (standard rates)
| Price band | Rate |
|---|---|
| Up to £225,000 | 0% |
| £225,001 – £400,000 | 6% |
| £400,001 – £750,000 | 7.5% |
| £750,001 – £1,500,000 | 10% |
| Above £1,500,000 | 12% |
Like SDLT and LBTT, LTT is a staircase tax — you only pay each rate on the portion of the price that falls within that band, not the whole price at the top rate. First-time buyers pay these exact same rates, since Wales doesn't offer first-time buyer relief.
The higher residential rates (additional property)
Buying a second home, holiday home, or buy-to-let in Wales doesn't just add a flat percentage on top of the standard rates — since 11 December 2024, additional properties are taxed on their own separate banded scale, called the higher residential rates, applied across the entire purchase price:
| Price band | Rate |
|---|---|
| Up to £180,000 | 5% |
| £180,001 – £250,000 | 8.5% |
| £250,001 – £400,000 | 10% |
| £400,001 – £750,000 | 12.5% |
| £750,001 – £1,500,000 | 15% |
| Above £1,500,000 | 17% |
These replace the standard rates entirely for an additional property — they aren't added on top of them — and like the standard rates, they're staircased, so each band's rate only applies to the slice of the price within that band.
Worked example: £250,000 property in Wales
Comparing nations?
See how LTT stacks up against SDLT in England and LBTT in Scotland, side by side.
Read the nations-compared guide →Frequently asked questions
What is LTT and how is it different from stamp duty?
LTT (Land Transaction Tax) is Wales's own version of stamp duty, replacing SDLT for Welsh property purchases since 2018. It works on the same staircase principle — you pay each band's rate only on the slice of the price within that band — but with different thresholds and rates set independently by the Welsh Government.
Do first-time buyers get LTT relief in Wales?
No. Wales abolished first-time buyer relief for LTT, so first-time buyers pay exactly the same standard rates as any other home mover. This is a key difference from England, Northern Ireland, and Scotland, all of which offer some form of first-time buyer discount.
How much is LTT on a £250,000 house in Wales?
£1,500 at standard rates — nothing on the first £225,000, then 6% on the remaining £25,000. If it's an additional property, the higher residential rates apply to the whole price instead — 5% on the first £180,000 and 8.5% on the remaining £70,000 — bringing the total to £14,950.
What is the additional property surcharge for LTT in Wales?
Since 11 December 2024, it isn't a flat percentage added on top — additional properties in Wales are taxed on their own separate banded scale, the higher residential rates: 5% up to £180,000, 8.5% from £180,000–£250,000, 10% from £250,000–£400,000, 12.5% from £400,000–£750,000, 15% from £750,000–£1.5m, and 17% above £1.5m. These rates apply across the entire purchase price and replace the standard rates for second homes, buy-to-let purchases, and other situations where the buyer will own more than one residential property.
Figures are estimates based on standard LTT rates for Wales and do not constitute financial or legal advice. Welsh Government rates and thresholds can change at any Budget — always confirm final figures with a solicitor or conveyancer before proceeding.