Learn more about Land Transaction Tax
Discover all you need to know about Land Transaction Tax and how much you may need to pay when purchasing your new home by using our Land Transaction Tax payment calculator.
What is Land Transaction Tax?
Land Transaction Tax (LTT), is a tax due on all residential property and land purchases in Wales, new or pre-owned, costing more than £180,000 (or more than £40,000 for second homes). Please note tax rates differ between Wales and England.
How much will I have to pay?If the property you are purchasing is your main residence and is no more than £180,000 you won’t need to pay any Land Transaction Tax. However, if it is over £180,000, there are several rate bands. The tax is calculated on the part of the property purchase price falling within each band.
Use the calculator below to work out how much Land Transaction Tax you will need to pay on your new home.
Land Transaction Tax on second or buy-to-let homes
If you already have a residential property, such as second home or a buy-to-let property, you will be charged an extra 3% in Land Transaction Tax on top of the current rates for each band, but properties costing £40,000 or less are exempt.
Ways to help you move
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