What is Land Transaction Tax (LTT) in Wales?

For people buying a home, land or commercial property in Wales.

Applies to: Wales Last checked against official sources: 6 October 2026

Land Transaction Tax (LTT) is the tax you pay when you buy property or land in Wales. It replaced Stamp Duty Land Tax in Wales from 1 April 2018.

On a home, there is no LTT on the first £225,000 if you do not own other property.
Main rates above that are 6%, 7.5%, 10% and 12%.
Higher rates apply if you buy an extra home, starting at 5%.
There is no first-time buyers' relief in Wales.
You must send a return and pay within 30 days of the day after completion.

Different in Scotland, Wales or Northern Ireland

Rules may be different in:

Scotland: Check mygov.scot for Scotland
Northern Ireland: Check nidirect for Northern Ireland

Key facts

Wales only
0% up to £225,000
Higher rates from 5%
No first-time buyer relief

What LTT is

Land Transaction Tax (LTT) is a tax on buying property or land in Wales over a certain price. It replaced Stamp Duty Land Tax (SDLT) in Wales on 1 April 2018. The Welsh Revenue Authority (WRA) collects it for the Welsh Government.

If you buy in England or Northern Ireland, you pay SDLT instead. In Scotland, you pay Land and Buildings Transaction Tax.

Who pays and when

The buyer pays. You must send an LTT return to the WRA and pay the tax within 30 days of the day after completion.

You do not need to file a return if you buy a freehold property for less than £40,000.

Main residential rates

These are the rates in force in 2026. They apply if you are buying a home and do not own another one. You pay each rate only on the part of the price in that band.

Part of the price	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%

There is no first-time buyers' relief in Wales. First-time buyers pay the same main rates.

Higher residential rates

Higher rates usually apply if you buy an extra home. The Welsh Government has an online checker to see if they apply to you. These rates have applied since 11 December 2024.

Part of the price	Rate
Up to £180,000	5%
£180,001 to £250,000	8.5%
£250,001 to £400,000	10%
£400,001 to £750,000	12.5%
£750,001 to £1,500,000	15%
Over £1,500,000	17%

Worked examples

Example 1: home, £300,000 (main rates)

First £225,000 at 0%: £0
Next £75,000 at 6%: £4,500
Total LTT: £4,500

Example 2: home, £450,000 (main rates)

First £225,000 at 0%: £0
Next £175,000 at 6%: £10,500
Last £50,000 at 7.5%: £3,750
Total LTT: £14,250

Example 3: second home, £200,000 (higher rates)

First £180,000 at 5%: £9,000
Last £20,000 at 8.5%: £1,700
Total LTT: £10,700

Non-residential property

For commercial property and land, the first £225,000 is at 0%. Then it is 1% up to £250,000, 5% up to £1,000,000 and 6% above that.

Related guides

Where these figures come from

Get it done

This takes you to the official service, which is free to use.

Calculate your LTT

Common questions

Who collects Land Transaction Tax?

The Welsh Revenue Authority collects and manages LTT for the Welsh Government.

Do I need an LTT return for a cheap property?

You do not need to file if you buy a freehold property for less than £40,000.

Official sources

1.Land Transaction Tax: overview (Welsh Government)www.gov.wales/land-transaction-tax-overview
2.Land Transaction Tax (Tax Bands and Tax Rates) (Wales) Regulations 2018, Schedule (legislation.gov.uk)www.legislation.gov.uk/wsi/2018/128/schedule

Checked against GOV.UK on 6 October 2026

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