Land Transaction Tax (LTT) calculator
Calculate the Land Transaction Tax on your residential property in Wales
You must pay Land Transaction Tax if you buy a property or land over a certain price in Wales.
This calculator will help you work out how much you have to pay if you are buying residential property.
You pay the tax when you:
- buy a freehold property
- buy a new or existing leasehold
- transfer land or property in exchange for payment, for example, you take on a mortgage or buy a share in a house
If you are buying non-residential property or land this calculator can’t help. Instead go to gov.wales/land-transaction-tax-calculator.
Land Transaction Tax (LTT) calculator - Your Results
The effective tax rate is 0.00%
You usually pay Land Transaction Tax (LTT) on the portion of the property price when you buy a residential property.
The table below shows the rates of Land Transaction Tax someone buying their next home would pay.
If the property is an additional property or second home, the higher residential rates shown in the second table below may apply.
| Purchase price of property | Rate of Land Transaction Tax |
|---|---|
| £0 - £225,000 | 0% |
| £225,001 - £400,000 | 6% |
| £400,001 - £750,000 | 7.5% |
| £750,001 - £1,500,000 | 10% |
| £1,500,000+ | 12% |
For a single property LTT is exempt on the first £225,000.
| Purchase price of property | Rate of Land Transaction Tax* |
|---|---|
| £0 - £180,000 | 4% |
| £180,001 - £250,000 | 7.5% |
| £250,001 - £400,000 | 9% |
| £400,001 - £750,000 | 11.5% |
| £750,001 - £1,500,000 | 14% |
| £1,500,000+ | 16% |
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Did you know?
You must send an LTT return and pay the tax within 30 days of the day after completion (or other effective date of the transaction). If you have a solicitor, agent or conveyancer, they’ll usually file your return and pay the tax on your behalf. If they don’t do this for you, you can file a return and pay the tax yourself using the paper return.