LTT — stamp duty in Wales
Wales does not charge Stamp Duty. Buying a home there means paying Land Transaction Tax (LTT) to the Welsh Revenue Authority. The main rate is 0% up to £225,000 — a higher starting threshold than England — rising to 12% above £1,500,000. Figures verified 30 June 2026.
Main residential LTT bands
Main rates from 10 October 2022; higher rates from 11 December 2024.
| Portion of price | 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% |
| £1,500,001+ | 12% |
Worked examples
Estimated main-rate LTT, with the effective rate in brackets.
| Price | LTT (main home) |
|---|---|
| £200,000 | £0 (0.00%) |
| £225,000 | £0 (0.00%) |
| £300,000 | £4,500 (1.50%) |
| £400,000 | £10,500 (2.63%) |
| £500,000 | £18,000 (3.60%) |
| £750,000 | £36,750 (4.90%) |
Higher rates for additional properties
For second homes and buy-to-let. See the second-home page for landlord worked examples.
| Portion of price | Higher 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% |
| £1,500,001+ | 17% |
Compare with England & NI stamp duty and Scotland LBTT.
Frequently asked questions
- Is there stamp duty in Wales?
- Wales does not use Stamp Duty Land Tax. Property purchases are taxed under Land Transaction Tax (LTT), collected by the Welsh Revenue Authority. The rates are set by the Welsh Government and differ from England.
- Do first-time buyers pay LTT in Wales?
- Wales has no separate first-time-buyer relief. Instead the main LTT nil-rate band is £225,000, higher than the English threshold, so many purchases below that pay no LTT regardless of buyer status.
- What are the higher LTT rates?
- Buying an additional residential property in Wales — a second home or buy-to-let — uses a separate higher-rate band table that starts at 5% from the first pound. The current higher rates have applied since 11 December 2024.
Source: Welsh Revenue Authority (GOV.WALES) (Open Government Licence v3.0). Rates verified 30 June 2026. Estimates only — not tax advice.