Rates read 22 October 2026 from Welsh Revenue Authority (GOV.WALES)
LTT Calculator — Wales
Wales charges its own tax on residential purchases. The bands below are the LTT rates published by Welsh Revenue Authority (GOV.WALES), and the calculator applies them to the part of the price in each band.
Work out the LTT
Enter the purchase price. Each band charges only the part of the price inside it.
The LTT bands
main residential rates for effective dates on or after 10 October 2022.
| Portion of the price | Rate |
|---|---|
| £0 – £225,000 | 0% |
| £225,001 – £400,000 | 6% |
| £400,001 – £750,000 | 7.5% |
| £750,001 – £1,500,000 | 10% |
| Above £1,500,000 | 12% |
Higher residential rates
Higher residential rates (additional dwellings, effective 11 December 2024).
| Portion of the price | Rate |
|---|---|
| £0 – £180,000 | 5% |
| £180,001 – £250,000 | 8.5% |
| £250,001 – £400,000 | 10% |
| £400,001 – £750,000 | 12.5% |
| £750,001 – £1,500,000 | 15% |
| Above £1,500,000 | 17% |
Worked examples
| Purchase price | LTT payable | Effective rate |
|---|---|---|
| £250,000 | £1,500 | 0.60% |
| £500,000 | £18,000 | 3.60% |
| £750,000 | £36,750 | 4.90% |
| £1,000,000 | £61,750 | 6.17% |
Worked out from the band table above — the same arithmetic the calculator does. The effective rate rises with the price because each band charges only the slice inside it: LTT is marginal, not a flat percentage.
When you will not pay these rates
- Buying an additional dwelling — higher rates apply from the first pound. Use the switch in the calculator.
- First-time buyers — Wales does not offer a first-time buyer relief; the main rates apply.
- Non-residential property — 0%, 1%, 5% and 6% on a different scale. Non-residential page →
Second homes: higher rates from the first pound
The main residential rates start at 0% up to £225,000. The higher rates do not — the first £180,000 is charged at 5%, which is why a modest second home in Wales can cost several thousand pounds where a main home would cost nothing. Switch the calculator to “Higher rates (additional dwelling)” to use them.
When the higher rates changed
GOV.WALES announced changes to the higher residential rates on 10 December 2024, effective for transactions with an effective date on or after 11 December 2024. The table above is the post-change table.
Source: Welsh Revenue Authority (GOV.WALES), read 22 October 2026. First-time buyer relief does not exist in Wales — the main residential rates apply.