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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. The current threshold is £180,000 for residential properties. Higher residential rates may apply if you already own one or more residential properties. However, if you are replacing your main residence the higher rates may not apply. You must send an LTT return to Welsh Revenue Authority and pay the tax within 30 days of the day after completion (or other effective date of the transaction).

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If you are buying in any of these countries then use the appropriate calculator to work out how much you will pay

Land Transaction Tax (LTT) calculator - Your Results

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How is this calculated? Click to expand.

Land Transaction Tax (LTT) is paid at both main and higher rates of tax. This is usually based on the price you pay for the property or land, but it might include other types of payment such as goods, works or services, release from a debt, or transfer of a debt, including the value of any outstanding mortgage. For example, someone buying a property for £280,000 would pay no tax on the value of the property up to £250,000 and 5% on the value between £250,000 and £280,000. In this case, total liability for Land Transaction Tax (LTT) would be £1,500.

Anyone buying additional property may have to pay a higher rate of LTT. In this example LTT of 3% would be due on the value of the property up to £180,000 (£5,400), 6.5% on the value between £180,000 and £250,000 (£4,550) and 8% on the value between £250,000 and £280,000 (£2,400) meaning the total LTT due would be £12,350. If you are replacing your main residence, the higher rates may not apply.

Main residential LTT rates
Purchase price of property Rate of Land Transaction Tax
£0 - £250,000 0%
£250,001 - £400,000 5%
£400,001 - £750,000 7.5%
£750,001 - £1,500,000 10%
£1,500,000+ 12%
Higher residential LTT rates
Purchase price of property Rate of Land Transaction Tax*
£0 - £180,000 3%
£180,001 - £250,000 6.5%
£250,001 - £400,000 8%
£400,001 - £750,000 10.5%
£750,001 - £1,500,000 13%
£1,500,000+ 15%

* Buying a residential property under £40,000 is not subject to higher rates of Land Transaction Tax (LTT)

Land Transaction Tax (LTT) is paid at both main and higher rates of tax. This is usually based on the price you pay for the property or land, but it might include other types of payment such as goods, works or services, release from a debt, or transfer of a debt, including the value of any outstanding mortgage. For example, someone buying a property for £280,000 would pay no tax on the value of the property up to £250,000 and 5% on the value between £250,000 and £280,000. In this case, total liability for Land Transaction Tax (LTT) would be £1,500.

Anyone buying additional property may have to pay a higher rate of LTT. In this example LTT of 3% would be due on the value of the property up to £180,000 (£5,400), 6.5% on the value between £180,000 and £250,000 (£4,550) and 8% on the value between £250,000 and £280,000 (£2,400) meaning the total LTT due would be £12,350. If you are replacing your main residence, the higher rates may not apply.

Main residential LTT rates
Purchase price of property Rate of Land Transaction Tax
£0 - £250,000 0%
£250,001 - £400,000 5%
£400,001 - £750,000 7.5%
£750,001 - £1,500,000 10%
£1,500,000+ 12%
Higher residential LTT rates
Purchase price of property Rate of Land Transaction Tax*
£0 - £180,000 3%
£180,001 - £250,000 6.5%
£250,001 - £400,000 8%
£400,001 - £750,000 10.5%
£750,001 - £1,500,000 13%
£1,500,000+ 15%

* Buying a residential property under £40,000 is not subject to higher rates of Land Transaction Tax (LTT)

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.

Land Transaction Tax – Everything you need to know

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