ESTIMATED LTT
£0.00
Enter a property price to calculate.
This calculator is for residential property in Wales. England, Northern Ireland and Scotland use different property tax systems.
How to calculate Land Transaction Tax
Land Transaction Tax, usually shortened to LTT, is the property tax paid when buying residential property in Wales. It is calculated in bands, which means each rate only applies to the part of the property price within that band.
Example: moving home — £350,000
0% on the first £225,000 = £0
6% on the next £175,000 band, applied only to £125,000 here = £7,500
Total LTT = £7,500
Second homes and buy-to-let properties
If you buy an additional residential property in Wales, higher residential rates may apply. These rates are different from the main residential rates.
Example: second home — £350,000
5% on the first £180,000 = £9,000
8.5% on the next £70,000 = £5,950
10% on the remaining £100,000 = £10,000
Total estimated LTT = £24,950
What this calculator is for
This calculator estimates Land Transaction Tax for residential property purchases in Wales. It can be used for a main residence or an additional property estimate.
Important note
This tool is designed as a simple guide. LTT rules, thresholds and higher residential rates can vary depending on your circumstances, so always check official guidance or speak to a qualified professional before making a property purchase decision.
Frequently Asked Questions
What does LTT stand for?
LTT stands for Land Transaction Tax. It is the property tax used in Wales.
How is LTT calculated?
LTT is calculated in bands. Each tax rate only applies to the part of the property price within that band, not the full property price.
Do first-time buyers get LTT relief in Wales?
Wales does not have a separate first-time buyer relief for Land Transaction Tax in the same way as some other UK property tax systems. The main residential rates usually apply unless higher residential rates are triggered.
Do second homes pay more LTT?
Additional residential properties such as second homes and buy-to-let properties may pay higher residential rates of Land Transaction Tax.
Does this calculator work for England, Northern Ireland or Scotland?
No. England and Northern Ireland use Stamp Duty Land Tax, while Scotland uses Land and Buildings Transaction Tax. This calculator is for Wales only.
Can LTT rules change?
Yes. Land Transaction Tax rates and bands can change over time. Always check the latest official guidance before purchasing a property.