Question 1

What is Land Transaction Tax in Wales?

Accepted Answer

Land Transaction Tax (LTT) is the Welsh equivalent of Stamp Duty Land Tax. It replaced SDLT in Wales on 1 April 2018 and is administered by the Welsh Revenue Authority. Like SDLT it works in bands - you pay each rate only on the portion of the price within that band. The nil-rate threshold of £225,000 is the highest of the three UK systems.

Question 2

How much LTT will I pay?

Accepted Answer

On a £250,000 standard purchase in Wales, LTT is £1,500: 0% on the first £225,000 and 6% on the remaining £25,000. Above £400,000 the rate steps up to 7.5%, then 10% above £750,000, and 12% above £1.5m. Use the calculator above for any specific price.

Question 3

Is there first-time buyer relief for LTT?

Accepted Answer

No. Wales does not currently offer a dedicated first-time buyer relief on LTT. The argument from the Welsh Government has been that the higher nil-rate threshold of £225,000 already benefits the lower end of the market, where most first-time buyers are active. By contrast, England and Northern Ireland offer a £300,000 nil-rate threshold for first-time buyers, and Scotland raises the LBTT nil-rate to £175,000.

Question 4

What are the higher rates for additional properties in Wales?

Accepted Answer

If you're buying an additional residential property in Wales - a buy-to-let, second home or holiday let - higher residential LTT rates apply. These add approximately 4% on top of the standard rate in each band, effectively making the entire purchase price subject to a 4% surcharge. The higher rates apply to most additional residential purchases over £40,000.

Welsh Stamp Duty Calculator 2026 - Land Transaction Tax

Welsh LTT FAQs

LTT rates for 2026/27

Main residential rates

How LTT differs from English SDLT

Property price band	LTT rate
Up 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%