Wales Stamp Duty (LTT) Rates & Bands 2026: What You'll Pay
Buying in Wales? You don't pay Stamp Duty Land Tax. Wales has its own Land Transaction Tax (LTT), collected by the Welsh Revenue Authority. It has the highest nil-rate band in the UK (£225,000) — but no first-time buyer relief, which makes it unusual.
The 2025/26 main residential LTT bands
LTT is marginal: each rate applies only to the part of the price within its band.
| Price band | Rate |
|---|---|
| Up to £225,000 | 0% |
| £225,001 – £400,000 | 6% |
| £400,001 – £750,000 | 7.5% |
| £750,001 – £1.5m | 10% |
| Above £1.5m | 12% |
Worked examples
- £300,000: 0% on £225k, 6% on £75k — total £4,500.
- £450,000: 6% on £175k (£10,500) + 7.5% on £50k (£3,750) — total £14,250.
No first-time buyer relief — but a high starting threshold
Unlike England (SDLT) and Scotland (LBTT), Wales offers no first-time buyer relief. The trade-off is the £225,000 nil-rate band that applies to everyone — higher than England's £125,000 or Scotland's £145,000 — so many first homes under £225,000 pay nothing anyway.
Higher rates for second homes
Additional properties and buy-to-let pay higher residential rates — a separate, steeper set of bands (revised on 11 December 2024), not a flat surcharge as in England or Scotland. Because it's a banded system, the effective rate varies with price; check the current higher-rate bands on the Welsh Government LTT page before you budget.
UK property tax, three systems: England & NI use SDLT (nil-rate £125k), Scotland uses LBTT (£145k), and Wales uses LTT (£225k). Same idea, different bands — always check which one applies to where you're buying.
Calculate your LTT
Enter your price for an instant Land Transaction Tax figure with a band-by-band breakdown — main residence or additional property.
Try the Wales LTT Calculator →Frequently asked questions
What are the LTT rates for 2025/26?
0% to £225k, 6% to £400k, 7.5% to £750k, 10% to £1.5m, 12% above.
Is there first-time buyer relief?
No — but the £225,000 nil-rate band is the UK's highest.
What about second homes?
Higher residential rates apply (a separate banded scale, revised December 2024).
Is it the same as English stamp duty?
No — Wales uses LTT, not SDLT, with different bands. Scotland uses LBTT.
Sources
- GOV.WALES — Land Transaction Tax rates and bands (2025/26)
- Welsh Revenue Authority — LTT higher residential rates (revised 11 December 2024)
Figures as of June 2026 for Wales. Rates can change at Welsh Budgets — verify on gov.wales before exchanging. This is general information, not regulated financial advice (FCA).