For anyone buying a property in Wales, LTT may need to be paid when purchasing a property over £225,000. LTT replaced Stamp Duty Land Tax in Wales in April 2018 and is collected and managed by the WRA and the tax collected is utilised to help support Welsh public services.
LTT rates and bands
The Welsh Government sets the rates and bands. To help estimate how much tax is payable, there is a tax calculator on the WRA's website.
First-time buyers’ relief
First-time buyers’ relief is not available in Wales. Instead, if that is the only property owned, LTT will need to be paid if it costs more than £225,000. If a spouse, civil partner, or child already owns a property, additional guidelines will apply.
Additional properties
There are different rules if you own more than one residential property. Higher residential rates may need to be paid if the purchased property is over £40,000. The WRA’s online guidance provides further information.