Land Transaction Tax (LTT) is a tax applied to residential and commercial land and buildings transactions (including commercial purchases and commercial leases) where a chargeable interest is acquired.

For full details please visit Welsh Government, Land Transaction Tax.


Property Price Ownership First Time Buyer
Price Band Rate % Taxable Amount Tax To Pay
Up to £225,000 0%£225,000£0
Between £225,000 & £400,000 6%£60,000£3,600
Between £400,000 & £750,000 7.5%£0£0
Between £750,000 & £1,500,000 10%£0£0
Above £1,500,000 12%£0£0
Effective Tax Rate 1.26%
Total Tax £3,600



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