Land Transaction Tax

When you buy a residential property in Wales over a certain price you have to pay the Land Transaction Tax (LTT).

What is Land Transaction Tax?

Land Transaction Tax (LTT) is a tax you're liable to pay when you buy a residential property, or a piece of land costing more than £250,000 (£180,000 prior to 27th July 2020) in Wales. The tax is collected by the Welsh Revenue Authority and is used to support public services in Wales. The transaction tax rate will vary depending on the price of your chosen property and your reason for buying it.

If you're buying in England and Northern Ireland you will pay Stamp Duty Land Tax.

How much Land Transaction Tax will I pay?

Use the Land Transaction Tax (LTT) calculator to find out roughly how much transaction tax you may pay depending on your reason for buying the property and it's valuation.

The Land Transaction Tax Calculator gives a guide to the amount of transaction tax you may pay. The calculation is based on the transaction rates from 1st April 2018 approved by the National Assembly for Wales, and the increase in threshold to £250,000 on 27th July 2020. This will allow you to see how much tax you might have to pay if you decide to buy in Wales. It is important to consider LTT when thinking about buying a house as in some cases it could be a considerable amount.

Land Transaction Tax Calculator

This calculator provides a guide to the amount of residential land transaction tax you may pay and does not guarantee this will be the actual cost. This calculation is based on the land transaction tax rates for residential properties purchased after 1 April 2018. For more information on land transaction tax, click here.

Land Transaction Tax

When you buy a residential property in Wales over a certain price you have to pay the Land Transaction Tax (LTT).

What is Land Transaction Tax?

Land Transaction Tax (LTT) is a tax you're liable to pay when you buy a residential property, or a piece of land costing more than £180,000 in Wales. The tax is collected by the Welsh Revenue Authority and is used to support public services in Wales. The transaction tax rate will vary depending on the price of your chosen property and your reason for buying it.

If you're buying in England and Northern Ireland you will pay Stamp Duty Land Tax.

Land Transaction Tax Calculator

This calculator provides a guide to the amount of residential land transaction tax you may pay and does not guarantee this will be the actual cost. This calculation is based on the land transaction tax rates for residential properties purchased after 1 April 2018. For more information on land transaction tax, click here.

How much Land Transaction Tax will I pay?

Use the Land Transaction Tax (LTT) calculator to find out roughly how much transaction tax you may pay depending on your reason for buying the property and it's valuation.

The Land Transaction Tax Calculator gives a guide to the amount of transaction tax you may pay. The calculation is based on the transaction rates from 1st April 2018 approved by the National Assembly for Wales, and the increase in threshold to £250,000 on 27th July 2020. This will allow you to see how much tax you might have to pay if you decide to buy in Wales. It is important to consider LTT when thinking about buying a house as in some cases it could be a considerable amount.

Main residential tax rates for transactions in Wales completed on or after 27 July 2020 to 31st March 2021:

Purchase price up to and including £250,000

No LTT is charged on properties under and including £250,000.

Purchase price over £250,000 up to and including £400,000

Buyers don’t pay LTT on or up to the first £250,000. They then pay 5% on the portion of the price over £250,000 up to and including £400,000.

Purchase price over £400,000 up to and including £750,000

Buyers don’t pay LTT on or up to the first £250,000. They then pay 5% on the portion of the price over £250,000 up to and including £400,000, then 7.5% on the portion of the price over £400,000 up to and including £750,000.

Purchase price over £750,000 up to and including £1,500,000

Buyers don’t pay LTT on or up to the first £250,000. They then pay 5% on the portion of the price over £250,000 up to and including £400,000, then 7.5% on the portion of the price over £400,000 up to and including £750,000, then 10% on the portion of the price over £750,000 up to and including £1,500,000.

Purchase price over £1,500,000

Buyers don’t pay LTT on or up to the first £250,000. They then pay 5% on the portion of the price over £250,000 up to and including £400,000, then 7.5% on the portion of the price over £400,000 up to and including £750,000, then 10% on the portion of the price over £750,000 up to and including £1,500,000, then 12% on the portion of the price over £1,500,000.

Main residential property tax rates for transactions in Wales completed on or after 1 April 2018 to 27 July 2020:

Purchase price up to and including £180,000

No LTT is charged on properties under and including £180,000.

Purchase price over £180,000 up to and including £250,000

Buyers don’t pay LTT on or up to the first £180,000. They then pay 3.5% on the portion of the property price over £180,000 and up to £250,000.

Purchase price over £250,000 up to and including £400,000

Buyers don’t pay LTT on or up to the first £180,000. They then pay 3.5% on the portion of the property price over £180,000 and up to £250,000, then 5% on the portion of the price over £250,000 up to and including £400,000.

Purchase price over £400,000 up to and including £750,000

Buyers don’t pay LTT on or up to the first £180,000. They then pay 3.5% on the portion of the property price over £180,000 and up to £250,000, then 5% on the portion of the price over £250,000 up to and including £400,000, then 7.5% on the portion of the price over £400,000 up to and including £750,000.

Purchase price over £750,000 up to and including £1,500,000

Buyers don’t pay LTT on or up to the first £180,000. They then pay 3.5% on the portion of the property price over £180,000 and up to £250,000, then 5% on the portion of the price over £250,000 up to and including £400,000, then 7.5% on the portion of the price over £400,000 up to and including £750,000, then 10% on the portion of the price over £750,000 up to and including £1,500,000.

Purchase price over £1,500,000

Buyers don’t pay LTT on or up to the first £180,000. They then pay 3.5% on the portion of the property price over £180,000 and up to £250,000, then 5% on the portion of the price over £250,000 up to and including £400,000, then 7.5% on the portion of the price over £400,000 up to and including £750,000,& then 10% on the portion of the price over £750,000 up to and including £1,500,000, then 12% on the portion of the price over £1,500,000.