A purchase of a residential property in Wales that costs more than £225,000 will likely be subject to land transaction tax (LTT). Freehold or leasehold property buyers in Wales pay the LTT tax to the Welsh Revenue Authority and the tax is paid by the buyer on the ‘chargeable consideration’. In most cases, it’s the price of the property or land, along with any fixtures and fittings. This tax must be paid on a property within 30 days of its purchase or lease.


LTT and SDLT have some differences, such as LTT’s threshold being higher than SDLT’s and in Wales, first-time buyers do not have access to tax relief. The Welsh Government announced in September 2022 that the threshold for paying LTT was to be increased from £180,000 to £225,000 with the change coming into full force on 10 October 2022. Additionally, it is worth mentioning that at the time of this announcement, there was also a slight increase in the rate of LTT for the purchase of a home that cost over £345,000.


Please use the calculator below to calculate how much LTT you should expect to pay based on your property’s purchase price.


We would like to remind you that the following calculator and commentary are intended for general information only and should not be interpreted as advice. The information in this section is intended to be accurate and up-to-date, but it may not be comprehensive or apply to all residential properties in Wales.


In the event that you have any further questions regarding your landlord accountancy queries, please contact us by calling 0800 907 8633 or by emailing enquiries@uklandlordtax.co.uk or completing our online contact form.