LTT Calculator
Land Transaction Tax on a home in Wales at the main rates or the higher rates for additional properties.
Result
Land Transaction Tax: £3,300.00Estimate
Wales only. There is no first-time buyer relief in Wales; the main rates start at £225,000.
- As a share of the price
- 1.18%Estimate
https://calcgallery.com/home-buying/ltt-calculator/
Results are arithmetic from the figures you enter, not legal, tax, lending or settlement advice. Fees vary by state, lender and negotiation, and the site quotes none of them. Check your Loan Estimate, Closing Disclosure or settlement statement for the real numbers. Read the full disclaimer
How to use the LTT Calculator
- Enter the price of the home in Wales.
- Pick main rates if it will be your only home, or higher rates if it is an additional property.
- Read the Land Transaction Tax to pay.
The calculation
Land Transaction Tax is a slice tax. Each part of the price is taxed at the rate for its band and the parts are added up.
main rates 0% to £225,000 · 6% to £400,000 · 7.5% to £750,000 10% to £1.5m · 12% abovehigher rates 5% to £180,000 · 8.5% to £250,000 · 10% to £400,000 12.5% to £750,000 · 15% to £1.5m · 17% aboveThe tax is paid to the Welsh Revenue Authority, usually by your solicitor, within 30 days of completion.
With your numbers
- Each rate applies only to the part of the price inside its band
Quick reference
Wales only. There is no first-time buyer relief in Wales; the main rates start at £225,000.
| Example | Land Transaction Tax |
|---|---|
| £280,000 | £3,300.00 |
| £260,000 additional property | £15,950.00 |
| £200,000 | £0.00 |
| £450,000 | £14,250.00 |
| £800,000 | £41,750.00 |
| £150,000 additional property | £7,500.00 |
Where the numbers come from
The fixed figures this calculator relies on, and the published source each one was checked against. How the calculators are built and checked
1 source
Welsh Government, Land Transaction Tax rates and bands, https://www.gov.wales/land-transaction-tax-rates-and-bands
Used for
- LTT main rates: 6% applies above this.
- LTT main rates: 7.5% applies above this.
- LTT main rates: 10% applies above this.
- LTT main rates: 12% applies above this.
- LTT main rate above £225,000.
- LTT main rate above £400,000.
- LTT main rate above £750,000.
- LTT main rate above £1.5 million.
- LTT higher rates: 8.5% applies above this (5% below).
- LTT higher rates: 10% applies above this.
- LTT higher rates: 12.5% applies above this.
- LTT higher rates: 15% applies above this.
- LTT higher rates: 17% applies above this.
- LTT higher rate up to £180,000.
- LTT higher rate above £180,000.
- LTT higher rate above £250,000.
- LTT higher rate above £400,000.
- LTT higher rate above £750,000.
- LTT higher rate above £1.5 million.
Common questions about the LTT Calculator
- What are the LTT main rates?
- Nothing on the first £225,000, 6% on the part from £225,001 to £400,000, 7.5% to £750,000, 10% to £1.5 million and 12% above. They have applied since 10 October 2022.
- What are the higher rates?
- For additional properties, from 11 December 2024: 5% on the first £180,000, 8.5% to £250,000, 10% to £400,000, 12.5% to £750,000, 15% to £1.5 million and 17% above. There is no nil-rate band, so even a cheaper second home pays tax from the first pound.
- Is there first-time buyer relief in Wales?
- No. The main rates already start at £225,000, which is higher than England's standard threshold, and they apply to everyone buying their only home.
- Can I get the higher rates refunded?
- If you bought a new main home before selling your old one and sell the old one within three years, you can claim a refund of the difference from the Welsh Revenue Authority.