Wales LTT Bands 2026
| Band | Standard rate | Higher rate (2nd home) |
|---|---|---|
| Up to £180,000 | 0% | 5% |
| £180,001 – £225,000 | 0% | 8.5% |
| £225,001 – £250,000 | 6% | 8.5% |
| £250,001 – £400,000 | 6% | 10% |
| £400,001 – £750,000 | 7.5% | 12.5% |
| £750,001 – £1.5m | 10% | 15% |
| Above £1.5m | 12% | 17% |
Wales abolished first-time buyer relief in 2018 — first-time buyers pay standard rates. The higher rate for second homes/buy-to-lets has no nil-rate band; it's taxed from £0.
Frequently Asked Questions
Land Transaction Tax (LTT) is Wales' equivalent of stamp duty, administered by the Welsh Revenue Authority since 2018, replacing SDLT in Wales.
No — Wales abolished first-time buyer relief. First-time buyers pay the same standard LTT rates as any other main-home buyer.
Higher rates apply from 5% with no nil-rate band — every pound is taxed, unlike the standard rate which has a 0% band up to £225,000.