Stamp Duty CalculatorLTT Calculator — Land Transaction Tax (Wales)
Welsh property tax for 2026 — main residential rates and higher rates for additional property (post-December 2024).
In Wales, property purchase tax is LTT — Land Transaction Tax — collected by the Welsh Revenue Authority. The main residential nil-rate band is £225,000 (higher than England or Scotland), but rates climb faster: 6% kicks in immediately above £225,000. There's no first-time buyer relief in Wales. Higher rates for additional property were increased in December 2024.
Wales has no first-time buyer relief. The higher-rates table applies to additional residential property (second homes, buy-to-let) above £40,000.
Band-by-band breakdown
| Band | Slice | Rate | LTT |
|---|
LTT main residential rates (Wales 2026)
| Portion of price | LTT rate |
|---|---|
| Up to £225,000 | 0% |
| £225,001 – £400,000 | 6% |
| £400,001 – £750,000 | 7.5% |
| £750,001 – £1,500,000 | 10% |
| Over £1,500,000 | 12% |
Main residential rates unchanged since 10 October 2022.
LTT higher residential rates (additional property)
Rates from 11 December 2024 — increased by 1 percentage point on each band:
| Portion of price | LTT 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% |
| Over £1,500,000 | 17% |
These higher rates use a fully banded structure (not a flat surcharge). Applies above the £40,000 entry threshold.
Why there's no FTB relief in Wales
The Welsh Government's stated policy rationale is that the LTT nil-rate band of £225,000 is already higher than the comparable thresholds in England (£125,000 / £300,000 with FTB relief) and Scotland (£145,000 / £175,000 with FTB relief). For a £225,000 first-time buyer purchase, LTT is £0 — broadly equivalent to the FTB position under SDLT at that price. First-time buyers at higher prices in Wales pay more than equivalent English FTBs.
Worked examples
| Property price | Main LTT | Higher LTT (additional) |
|---|---|---|
| £200,000 | £0 | £10,700 |
| £250,000 | £1,500 | £14,950 |
| £280,000 | £3,300 | £17,950 |
| £400,000 | £10,500 | £29,950 |
| £500,000 | £18,000 | £42,450 |
| £750,000 | £36,750 | £73,700 |
Enter your own price above for any other figure.
How LTT compares to SDLT and LBTT
- Highest nil-rate band: £225k in Wales, £145k in Scotland, £125k in England.
- Steepest first paid band: 6% in Wales above £225k vs 2% in England above £125k.
- No FTB relief in Wales — only nation with no specific first-time buyer benefit.
- Higher rates structure: Wales uses fully banded higher rates; Scotland uses an 8% flat ADS on the whole price; England uses a +5% surcharge on each band.
- Filing deadline: 30 days in Wales (same as Scotland), vs 14 days in England.
Related calculators
Sources
Rates verified against Welsh Revenue Authority: 25 May 2026.