Land Transaction Tax
LTT on £125,000 in Wales
Buying a £125,000 main residence in Wales costs £0 in Land Transaction Tax (LTT), an effective rate of 0.00%. Here is what every type of buyer pays.
By Buyer Type
| Buyer | LTT | Effective rate | Notes |
|---|---|---|---|
| Main residence (including first-time buyers) | £0 | 0.00% | Main residential rates; Wales has no separate first-time buyer relief. |
| Second home or buy-to-let | £6,250 | 5.00% | Higher residential rates apply to every band. |
How It Is Worked Out (Main Residence)
| £0 to £125,000 at 0% | £0 |
| Total | £0 |
Stamp duty on £125,000 in England · LBTT on £125,000 in Scotland
How much LTT does a main residence (including first-time buyers) pay on £125,000?
£0, an effective rate of 0.00%. Main residential rates; Wales has no separate first-time buyer relief.
How much LTT does a second home or buy-to-let pay on £125,000?
£6,250, an effective rate of 5.00%. Higher residential rates apply to every band.
Is LTT more than stamp duty in England on £125,000?
A main-residence buyer pays £0 in Wales, against £0 in stamp duty in England and Northern Ireland at the same price.
Welsh residential LTT main rates and higher rates (higher rates from 11 December 2024). Wales has no first-time buyer relief or non-resident surcharge. A guide, not tax advice: your solicitor confirms the final figure.