Land transaction tax Wales (LTT)

Stamp duty on house purchases in Wales is known as Land Transaction Tax or LTT for short. LTT is payable on leasehold and freehold property purchases and is similar to the previous stamp duty regime that existed prior to April 2018.

The way the tax works and the tax rates are different to the English stamp duty system. As average property prices in Wales are lower than in England, most people pay no LTT at all.

Since 10 October 2022, there is no LTT to pay on main residences (single properties) up to £225,000. This is up from the previous amount of £180,000. Different tax rates apply for second homes with a minimum tax charge of 4% on the full purchase price applying. Calculate Land Transaction Tax by using the Welsh Government information and calculator. See our article on Higher rate Land Transaction Tax for the basics.