Land Transaction Tax calculator (Wales)
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Work out Land Transaction Tax (LTT) on a home in Wales, band by band, at main residential rates or higher residential rates. The calculator shows both totals so you can see what the higher rates would cost.
- Land Transaction Tax
- £3,300
- Effective rate
- 1.18%
- At higher rates instead
- £17,950
Worked out using: Main residential rates.
| Part of the price | Amount taxed | Rate | Tax |
|---|---|---|---|
| £0 to £225,000 | £225,000 | 0% | £0.00 |
| £225,001 to £400,000 | £55,000 | 6% | £3,300.00 |
| Total LTT | £3,300 | ||
Welsh Revenue Authority rates: main rates from 10 October 2022, higher rates from 11 December 2024. The return and payment are due within 30 days of completion. Not sure which rates apply? Read the WRA higher rates overview — joint buyers, companies and replacement homes have their own rules.
Official rates & thresholds used
Wales · tax year 2026/27 · last verified . These figures match the parameters embedded in this calculator.
| Parameter | Value | Notes |
|---|---|---|
| LTT main rates band 1 | 0% on £0–£225,000 | — |
| LTT main rates band 2 | 6% on £225,001–£400,000 | — |
| LTT main rates band 3 | 7.5% on £400,001–£750,000 | — |
| LTT main rates band 4 | 10% on £750,001–£1,500,000 | — |
| LTT main rates band 5 | 12% on above £1,500,000 | — |
| LTT higher rates band 1 | 5% on £0–£180,000 | — |
| LTT higher rates band 2 | 8.5% on £180,001–£250,000 | — |
| LTT higher rates band 3 | 10% on £250,001–£400,000 | — |
| LTT higher rates band 4 | 12.5% on £400,001–£750,000 | — |
| LTT higher rates band 5 | 15% on £750,001–£1,500,000 | — |
| LTT higher rates band 6 | 17% on above £1,500,000 | — |
| Return and payment deadline | 30 days after completion | No first-time buyer relief in Wales. |
Primary sources: Welsh Revenue Authority — Land Transaction Tax rates and bands; Welsh Revenue Authority — Land Transaction Tax guide. Always confirm live figures on gov.uk before acting.
How it works
- Main residential rates, in force since 10 October 2022: 0% up to £225,000, 6% to £400,000, 7.5% to £750,000, 10% to £1.5 million and 12% above. On a £280,000 home that is £3,300 — the Welsh Revenue Authority's own example.
- Higher residential rates, in force since 11 December 2024: 5% up to £180,000, 8.5% to £250,000, 10% to £400,000, 12.5% to £750,000, 15% to £1.5 million and 17% above. They generally apply when you buy a home costing £40,000 or more while owning another property.
- Wales has no first-time buyer relief, so first-time buyers pay main rates.
Common questions
- Is there first-time buyer relief in Wales?
- No. Land Transaction Tax has no first-time buyer relief. First-time buyers pay main residential rates, which start at 0% on the first £225,000.
- How much LTT is there on a £300,000 home?
- £4,500 at main residential rates and £19,950 at higher residential rates, using the bands in force since 11 December 2024.
- When do the higher rates apply?
- Usually when you buy a home costing £40,000 or more while owning another residential property, including buy-to-let. Companies generally pay them. Replacing your main home is an exception. The Welsh Revenue Authority's guidance covers joint buyers, spouses and other cases.
- Does it matter where I live?
- No. The tax depends on where the property is. A home in Wales pays Land Transaction Tax wherever the buyer lives.