Stamp Duty in Wales: What You Need to Know

If you’re buying a property in Wales, you’ll pay Land Transaction Tax (LTT) instead of Stamp Duty. This applies to both residential purchases and buy-to-let properties, with different rates depending on the price.

Here are the main LTT rates for residential properties:

• Up to £225,000 – 0%

• £225,001 to £400,000 – 6% on this portion

• £400,001 to £750,000 – 7.5% on this portion

• £750,001 to £1.5 million – 10% on this portion

💡 Example: If you’re buying a home for £500,000:

• First £225,000 = 0%

• Next £175,000 = 6% (£10,500)

• Final £100,000 = 7.5% (£7,500)

• Total LTT = £18,000

📝 Takeaway: Knowing your LTT costs upfront helps you budget accurately. If you’re unsure, always check with your solicitor or use the Welsh Revenue Authority’s LTT calculator.